Article

2008-03-07 -Lurid Crime Tales-

Klepto-Capitalism Drives Sub Prime Meltdown

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Posted by 3dc 2008-03-07 13:00|| || Front Page|| [4 views ] Top

#1 It's all fun and games until there are runs on the banks.

Posted by Anguper Hupomosing9418 2008-03-07 13:13|| 2008-03-07 13:13|| Front Page Top

#2 Federal criminal prosecutors are investigating whether securities firms booked inflated prices of mortgages despite knowledge of their true valuations. Rating firms are also being investigated for assigning ratings that were too high for instruments backed by subprime mortgages. Collateralized Debt Obligations were loaded with overvalued subprime -- and passed on with the Triple-A seal of sound risk

Those are the ones to RICO, hard and fast.

Posted by Procopius2k 2008-03-07 14:27|| 2008-03-07 14:27|| Front Page Top

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