AIG will face a SEC probe over accounting practices related to their subprime mortgage exposure.  It seems as if it will be investigated as to whether or not the firm inflated the value of their contracts linked to subprime mortgages.  As much of the subprime fallout hit, Wall St. pundits remained impressed with AIG’s ability [...]

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 [...]

Subprime lending, also called B-Paper, near-prime, or second chance lending, is a alludes to offering loans to borrowers who do not qualify for market interest rates because of spotty credit history.
Subprime lending is risky for both lenders and lendees due to the combination of high interest rates, poor credit history, and murky financial situations often [...]