WALL STREET FINES: “LARGE PONZI SCHEME”
CONGRESS IS COVERING UP! SHAM…SCANDAL! Janet Tavakoli of Tavakoli Structured Finance tells what she thinks of recent fines the SEC has imposed on Wall Street giants and where she would like future...
View ArticleAmbac Sues Bank of America Over Countrywide Bonds, CEO Gets A Warning Letter
Ambac Sues Bank of America Over Countrywide Bonds By Karen Freifeld and David Mildenberg – Sep 29, 2010 4:46 PM ET Ambac Assurance Corp. sued Bank of America Corp. over $16.7 billion of mortgage-backed...
View ArticleADAM LEVITIN | Clash of the Titans: RMBS Edition
posted by Adam Levitin . And so it begins. We’re about to witness the main event in financial institution internecine warefare: investment funds (MBS buyers) vs. banks (MBS sellers). There have already...
View ArticleFull Complaint | AMBAC v. EMC, JPMORGAN CHASE for “SACK OF SHIT” MBS
NATURE OF THE ACTION 1. In mid-2006, Bear Stearns induced investors to purchase, and Ambac as a financial guarantor to insure, securities that were backed by a pool of mortgage loans that – in the...
View ArticleSEC Subpoenas Credit Suisse Over Mortgages: MBIA
BLOOMBERG: “Credit Suisse is now the subject of an investigation by the Securities and Exchange Commission, which issued a subpoena this week seeking the same types of documents as MBIA seeks with this...
View ArticleJPMorgan Said to Face SEC Subpoena Along With Credit Suisse
BLOOMBERG- JPMorgan Chase & Co. (JPM) received a subpoena from the U.S. Securities and Exchange Commission over failed mortgages, a person familiar with the investigation said, as the agency probes...
View ArticleAmbac Assur. UK Ltd. v J.P. Morgan Inv. Mgt., Inc. | NY APPEALS COURT...
Decided on July 14, 2011 SUPREME COURT, APPELLATE DIVISION First Judicial Department David B. Saxe, J.P. James M. Catterson Rolando T. Acosta Sheila Abdus-Salaam Nelson S. Román, JJ. Index 650259/09...
View Article