All Posts Tagged With: "securities"
San Francisco Home Loan Bank Wants $19 billion Back From Wall Street
The Federal Home Loan Bank of San Francisco is upset with a bunch of stockbrokers and is seeking to rescind the purchase of mortgage-backed securities worth $19.1 billion.
If the Federal Home Loan Bank of San Francisco can go back and seek to undo the purchase of mortgage-backed securities because of alleged “untrue or misleading statements” [...]
Mortgage Reform — Getting Back To Basics
Given the huge profits on Wall Street, we seem to have quickly forgotten that financial reform is necessary if we’re to prevent or less the next financial meltdown.
Sen. Ted Kaufman (D-DE) is now proposing systemic financial reform. One part of that reform — a big part — would clearly involve changes in the way mortgages [...]
Obama Regulatory Reform: Right Idea — Not Far Enough
The President’s new effort at regulatory reform ought to be applauded, at least for the reason that we once-again have a president who believes that regulation is a legitimate government activity. That said, the President’s 89-page regulatory reform proposal falls short because it does address two issues: Getting regulators to regulate and creating a fiduciary [...]
18Jun2009 | Peter G. Miller | 1 comment | 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 with [...]
© Copyright 