Tuesday, September 27, 2011

Did Wall Street Bankers Commit CDO Fraud?

In 2009, the Securities and Exchange Commission (SEC) began a civil fraud investigation of over a dozen banking firms that traded and sold mortgage-backed collateralized debt obligations (CDOs). This investigation has engendered subsequent probes into the behavior of Wall Street firms. Did Wall Street bankers defraud investors by selling them CDOs in order to make [...]

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