February 1, 2013
SEC Complaint on Improper Trading of MBS — Much Ado?
Floyd Norris, the only journalist to whom I have written fan mail (sorry Gretchen, you’re next), has another interesting column about a case that the SEC has brought against an MBS trader, Jesse Litvak. The complaint alleges that On numerous … Continue reading
February 1, 2013 in Upstream litigation media coverage | Permalink | No Comments
November 10, 2012
Australian Court Rules S&P’s Ratings of MBS were Misleading
Hannah Low and Jonathan Shapiro of the Australian Financial Review report that an Australian Federal Court ruled that Standard & Poor’s rating of complex financial products was misleading. The court held that the credit assessment process was negligent and no … Continue reading
November 10, 2012 in Upstream litigation media coverage | Permalink | No Comments
November 9, 2012
Federal Prosecutors Sue Bank of America Over Mortgage Program
Ben Protess reports that federal prosecutors in New York sued Bank of America on Wednesday, accusing it of carrying out a mortgage scheme that defrauded the government during the depths of the financial crisis. Ben Protess, Federal Prosecutors Sue Bank of … Continue reading
November 9, 2012 in Upstream litigation media coverage | Permalink | No Comments
