All Posts Tagged With: "SEC"
America’s Big Banks, America’s Financial Vietnam
Three years ago the most-powerful instutitions in America were the nation’s largest banks and brokerages, Wall Street for short. While millions of people were losing their homes, their jobs and their savings, the nation’s elite extracted a $700 billion line-of-credit from Uncle Sam. Now Wall Street is our financial Vietnam. It’s broken. The old cures [...]
3Oct2011 | Peter G. Miller | 0 comments | Continued
When Did The Mortgage Meltdown Begin?
It’s official. We now have a starting date for the mortgage meltdown. It was February 27, 2007, almost two-and-a-half years ago. It was on that date that Freddie Mac said it would no longer purchase subprime mortgages and high-risk mortgage-backed securities. Who says? The Federal Reserve Bank of St. Louis. It has come up with [...]
27Jul2009 | Peter G. Miller | 0 comments | Continued
Countrywide Former CEO, Angelo Mozilo, Charged With Securities Fraud
The SEC has just posted the following news release: The Securities and Exchange Commission today charged former Countrywide Financial CEO Angelo Mozilo and two other former executives with securities fraud for deliberately misleading investors about the significant credit risks being taken in efforts to build and maintain the company’s market share. Mozilo was additionally charged [...]
4Jun2009 | Peter G. Miller | 1 comment | Continued
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