Collapse of Lotus Riverside Block 7 Large quantities of earth were removed and dumped in a landfill next to a nearby creek; the weight of the earth caused the river bank to collapse, which, in turn, allowed water to seep into the ground, creating a muddy foundation for the building that toppled." Collapse of Lotus Riverside Block 7 The collapse of Block 7 at Lotus Riverside (a 13-story apartment building) in 2009 is an accident that killed one person. Lotus Riverside () is a residential apartment complex located in Minhang District, Shanghai, China. On June 27, 2009 at 5:30 Am UTC+8, Block 7, one of the
Wall Street and the Financial Crisis: Anatomy of a Financial Collapse report, Goldman said "While we disagree with many of the conclusions of the report, we take seriously the issues explored by the subcommittee. We recently issued the results of a comprehensive examination of our business standards and practices and committed to making significant changes that will strengthen relationships with clients, improve transparency and disclosure and enhance standards for the review, approval and suitability of complex instruments." In another press release, Goldman claimed that they " did not have access to any special information that caused us to know that the U.S. housing market would collapse." They claimed they had no