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 .
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Ex-Credit Suisse traders admit cooking subprime books
Posted by mortgage 110 days ago (Editorial)
Three Credit Suisse execs cooked books: feds
Posted by mortgage 110 days ago (Editorial)
Looking to fatten their year-end bonuses, a trio of Credit Suisse execs cooked the books as part of a ?colossal fraud? tied to the subprime mortgage crisis, authorities said Wednesday.
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.
IL&P to sell various loan books after being ordered to shrink its loans
Posted by mortgage 225 days ago (Editorial)
IRISH LIFE & Permanent is seeking to sell its ?500 million subprime mortgage book after being ordered by regulators to shrink its loans, according to two people with knowledge of the matter.
AIG Commits ?Corporate Suicide? Without Dr. Strangelove: Books
Posted by mortgage 337 days ago (Editorial)
Early in his book ?Fatal Risk,? investigative reporter Roddy Boyd describes the curious office where American International Group Inc. (AIG) committed what he calls ?corporate suicide.?
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