All Posts Tagged With: "SEC"
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 a financial [...]
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 with [...]
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