Backed by BlackRock, Pimco and other bond ??giants, Kathy Patrick is planning to lay siege to the financial industry. Bank of America has already agreed to fork over $8.5 billion, and she's just getting started.
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Wall Street's New Nightmare: The Next Wave Of Mortgage-Backed Securities Claims
Posted by mortgage 219 days ago (Editorial)
Risk Control: Wall Street's Achilles' Heel
Posted by mortgage 237 days ago (Editorial)
A 31-year-old trader just cost UBS $2.3 million and its CEO. Jerome Kerviel collared Societe Generale with losses of $7.2 billion with his so-called ?rogue? trading. In March 2008, 100-year-old investment bank Bear Stearns collapsed, its stock price falling from $160 to $2 per share. In 2007-2008, Citigroup?s enormous undisclosed subprime exposure eventually caused its share price to fall from ..
California may join probe of Wall Street's role in mortgage meltdown
Posted by mortgage 313 days ago (Editorial)
New York's and Delaware's investigation could lead to criminal charges against financial executives. 'California was disproportionately harmed by the mortgage crisis, and our homeowners badly need relief,' the state's attorney general says. California is considering joining New York and Delaware in a wide-ranging investigation into Wall Street's role in the mortgage meltdown that could lead to ..
State Street's Ex-Staff Sued by SEC
Posted by mortgage 597 days ago (Editorial)
The SEC has charged two former executives of State Street for misleading the investors about a risky mortgage fund.
Franklin Credit hitting the streets to urge mortgage paybacks (BizJournals)
Posted by mortgage 1064 days ago (http://us.rd.yahoo.com)
The subprime mortgage company that brought Huntington Bancshares Inc. to its knees is pounding the pavement in an attempt boost collections on mortgages it services for the Columbus bank.
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