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All posts tagged mortgage securities
The United States has filed a civil lawsuit against Bank of America for investor fraud. The complaint alleges that BofA lied to investors about the relative riskiness of the mortgage loans backing the securities and falsified statements about the investments, among other charges.
California, U.S., 12 states sue S&P for using ‘magic numbers’ to inflate mortgage-backed securities’ ratings
CALIFORNIA OFFICE OF THE ATTORNEY GENERAL - Attorney General Kamala D. Harris on Feb. 5, filed a lawsuit against one of the nation’s major credit rating companies for
Chalk another economic one up for the Obama Administration. Remember how those toxic mortgages were bundled as securities and sold as investments to many poor saps before many of
While taxpayers were pumping $150 billion into Fannie Mae and Freddie Mac to rescue them from collapse, Fannie and Freddie executives allegedly lied to investors, the public and
When Peter Schiff recently chastised Wall Street Occupiers for pointing the finger at the financial industry's role in the broken economy, he ironically blamed unresponsive federal regulators for