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Wall Street crooks under investigation
7 hours ago ago from truthalyzer.com
In Banks Bundled Bad Debt, Bet Against It and Won, New York Times reporters describe how Goldman Sachs and other financial firms earned billions creating mortgage-related securities . . . that were at first intended to protect Goldman from investment losses if the housing market collapsed. The firms kept their increasing concerns about the risks of these investments to themselves, and even worse, decided to double down on their bets against ...
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11 hours ago ago from THE ASTUTE BLOGGERS
ONE OF THE CRIMES OF THE CENTURY : In late October 2007, as the financial markets were starting to come unglued, a Goldman Sachs trader, Jonathan M. Egol, received very good news. At 37, he was named a managing director at the firm. Mr. Egol, a Princeton graduate, had risen to prominence inside the bank by creating mortgage-related securities, named Abacus, that were at first intended to protect Goldman from investment losses if the ...
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21 hours ago ago from Lemon Law Wiki
No matter what precautions will be a buyer, once in a while, someone at the end of buying a car was broken. These things happen, among them is inevitable, unpleasant little details of life. These things are the reason several states, including New York, have lemon laws. Protecting consumers is the main objective of the used car New York lemon laws and a smart consumer would do well to know these laws before making a purchase . During the New ...
Related contentGovernment probes banks on sale of risky securities: report
3 hours ago ago from Investment
BANGALORE (Reuters) - U.S. regulators and legislators are investigating whether Wall Street investment banks deliberately sold risky structured securities to clients, and then bet on the securities failing, The New York Times reported on Wednesday.
Related contentU.S. probes banks on sale of risky securities: report
21 hours ago ago from The Biz Pages
From Reuters: Business News http://www.reuters.com/resources/images/reuters120.gif U.S. probes banks on sale of risky securities: report (Reuters) U.S. regulators and legislators are investigating whether Wall Street investment banks deliberately sold risky structured securities to clients, and then bet on the securities failing, the New York Times reported on Wednesday. Read entire story (opens in new window)
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Banks Bundled Debt, Bet Against It and Won
23 hours ago ago from The New York Times
In late October 2007, as the financial markets were starting to come unglued, a Goldman Sachs trader, Jonathan M. Egol, received very good news. At 37, he was named a managing director at the firm. Mr. Egol, a Princeton graduate, had risen to prominence inside the bank by creating mortgage-related securities, named Abacus, that were at first intended to protect Goldman from investment losses if the housing market ...
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