Federal Probe Targets Banks Over Bonds

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Federal Probe Targets Banks Over Bonds

Federal Probe Targets Banks Over Bonds

How many bites at the apple are these cartels allowed to take when the core always ends up in rot?!

And just a little reminder to you folks, this will lead to the same window dressing investigations as the rest with absolutely no one going to jail but settlements.


WSJ-

Federal investigators are probing whether a number of Wall Street banks cheated clients in the years following the financial crisis by deliberately mispricing a type of mortgage bond that was central to the economic turmoil, according to people close to the inquiry.

The investigation is a potential blow to the banks, who are just starting to move on from years of intense scrutiny tied to their roles in the crisis.

Wall Street’s conduct leading up to and during the market convulsions of 2008 already has been closely examined by authorities. The new probe by regulators is the first known wide-ranging examination of mortgage-bond sales by banks in the years that followed.

[WALL STREET JOURNAL]

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