NEW YORK (Reuters) - In a rare criminal prosecution to emerge from the financial crisis, two former Credit Suisse traders admitted on Wednesday to conspiring to manipulate the value of about $3 billion in subprime mortgage-backed securities in order to hide losses as the U.S. real estate market began to collapse in 2007. The men, London-based David Higgs, 42, and Salmaan Siddiqui, 36, of McLean .
Search results for admit
Ex-Credit Suisse traders admit cooking subprime books
Posted by mortgage 110 days ago (Editorial)
Traders admit cooking subprime books
Posted by mortgage 110 days ago (Editorial)
Two traders admitted today to conspiring to manipulate the value of about $3 billion in subprime mortgage-backed securities.
« previous1 next »
Mortgage How to Get is an informational resource about mortgage news and information.