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SEC may bring civil charges against State Street

0 Comments Published July 1st, 2009 in News.

State Street’s investment-management arm may face legal charges as the firm continues to weather the fallout from mortgage-related losses in its bond funds during the credit crisis.

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« Financial Stocks: Sallie Mae boosts sector, State Street in focus
Credit Suisse, Deutsche, top prime broker survey »
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.

Mortgage Lender Implode-o-Meter






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