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FBI Subprime Investigations

Published January 30th, 2008 in Markets, SEC, Banks. Tags: , , , , .

The US Federal Bureau of Investigation (FBI) has commenced investigations against 14 corporations.  The fraud investigation includes probes into insider trading and accounting fraud.  The FBI is working together with the Securities and Exchange Commission.  It is unclear who the targets of the FBI investigation are, but the SEC has probed MBIA (NYSE: MBI), UBS (NYSE: UBS), Bear Sterns (NYSE: BSC), Merrill Lynch (NYSE: MER), and Morgan Stanley (NYSE: MS)

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« Bye, Bye FBR Subprime Unit
Subprime Crisis Hinders Islamic Securities Growth »
This blog discusses subprime mortgage problems. Subprime problems began when lenders offered loans to potential home owners with bad credit or credit / income that did not meet the standards of traditional lending. Subprime mortgages for people with bad credit or no credit face an uncertain future. Once the hope of many to enter into home ownership has now been corrupted both by overreaching consumers and predatory lenders. I hope to follow the aftermath of this crisis.

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