Economy

Po_d Mainiac

(4,183 posts)

13. Credit Suisse probed over mortgages

Thu Oct 4, 2012, 11:00 PM

Oct 2012

NEW YORK (Reuters) - U.S. federal and state authorities are investigating Credit Suisse AG over mortgage-backed securities packaged and sold by the bank, people familiar with the probe said on Thursday.

snip

Zurich-based Credit Suisse is the second bank known to be targeted by U.S. authorities probing how banks bundled mortgage loans into securities during the U.S. housing boom.

snip

The details of the investigation of Credit Suisse were not immediately known. However, lawsuits by pension funds, insurers and others against the bank claim it misrepresented the quality of mortgages underlying securities it created and sold. Loans were alleged to be issued on the basis of inflated appraisals and overstated incomes.

NY State looks to pick some more low hanging fruit?

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

62 replies

= new reply since forum marked as read

Highlight:

STOCK MARKET WATCH -- Friday, 5 October 2012 [View all] Tansy_Gold Oct 2012 OP

What this proves..according to the right wing.. Vietnameravet Oct 2012 #1

On behalf of the Management, welcome to SMW! Demeter Oct 2012 #5

FWIW Po_d Mainiac Oct 2012 #2

... Po_d Mainiac Oct 2012 #3

What have facts got to do with anything? Demeter Oct 2012 #4

Zeitgeist Failure By James Howard Kunstler Demeter Oct 2012 #9

CIA, well all intellegence, take over of the US kickysnana Oct 2012 #14

Why Let the Rich Hoard All the Toys? By NICHOLAS D. KRISTOF Demeter Oct 2012 #6

Ferget about too many kids in a classroom....geez! Po_d Mainiac Oct 2012 #7

That was just for the 99% analogy Demeter Oct 2012 #10

Only ones I've seen were in a parking lot Po_d Mainiac Oct 2012 #12

WOW - Daring! Innovative! Almost Revolutionary!!! bread_and_roses Oct 2012 #23

Rage is the Fuel of Change Demeter Oct 2012 #47

OMG THIS IS RICH: 5 not-so-obvious jobs set to take off Demeter Oct 2012 #8

. Ghost Dog Oct 2012 #30

Goldman Analysts Call Banking Slowdown Structural, Not Temporary Demeter Oct 2012 #11

Credit Suisse probed over mortgages Po_d Mainiac Oct 2012 #13

As if, with the Statute of Limitations, it's going to make any difference Demeter Oct 2012 #16

US Futures flat Roland99 Oct 2012 #15

how many jobs did we pick up? otherone Oct 2012 #58

Look at the Hiccup on NYmex Crude! Demeter Oct 2012 #17

Well, the price hasn't moved....yet Demeter Oct 2012 #45

it's friday and i have nothing to wear! this is a Tragedy! xchrom Oct 2012 #18

I know that with your sense of style what ever you find in the closet.. Hotler Oct 2012 #32

i'm supposed to -- i have a jones for beef wellington. xchrom Oct 2012 #35

Sounds damn good. Did you see this posted int he Cooking& Baking group? Hotler Oct 2012 #38

THANKS! that looks delicious! xchrom Oct 2012 #39

Cinnamon rolls are ok.... AnneD Oct 2012 #43

Damn it! Now I want crepes. Nt xchrom Oct 2012 #53

I had Wellington Once, In Rockport(?) Illinois, outside Chicago Demeter Oct 2012 #46

Rockport had some god restaurants back in the day. xchrom Oct 2012 #52

I think it was called Sweden House Demeter Oct 2012 #60

That would make sense - lots a swedes in Illinois. Nt xchrom Oct 2012 #61

The Incredibly Ballooning Bailout Of Cyprus xchrom Oct 2012 #19

Emigration From Ireland Soars xchrom Oct 2012 #20

Emigrant wakes... AnneD Oct 2012 #44

BOOM: UNEMPLOYMENT RATE FALLS TO 7.8%, BIG UPWARD REVISION TO LAST MONTH xchrom Oct 2012 #21

Say what???? n/t Tansy_Gold Oct 2012 #22

Post Debate Recovery Act of 2012. westerebus Oct 2012 #28

... xchrom Oct 2012 #31

Thank you X. westerebus Oct 2012 #55

But in what category was the film nominated? Po_d Mainiac Oct 2012 #40

Best Short? DemReadingDU Oct 2012 #41

That's gonna leave a mark. westerebus Oct 2012 #56

Hahaha! Hugin Oct 2012 #62

For the sequel... Check out those two candles on the far right of the crude chart above! Hugin Oct 2012 #42

That's a well thought out observation. westerebus Oct 2012 #57

What manipulation looks like. Po_d Mainiac Oct 2012 #59

Just the Usual Damn Lies, from ADP Demeter Oct 2012 #48

Cooking the books? See the charts on jobs report Demeter Oct 2012 #50

Labor Secretary Says Talk Of Fudged Jobless Numbers Is Insulting Demeter Oct 2012 #51

U.S. Jobless Rate Declines to 7.8%; 114,000 Jobs Added xchrom Oct 2012 #24

India�s NSE Says 59 Erroneous Orders Caused Stock Plunge, xchrom Oct 2012 #25

California Refiners Ration Gasoline as Prices Near Record xchrom Oct 2012 #26

He must be too young to remember 1973 Demeter Oct 2012 #49

America's Duopoly of Money in Politics and Manipulation of Public Opinion xchrom Oct 2012 #27

Re-elect Obama�but Reject His Austerity xchrom Oct 2012 #29

Austerity Creeps Up on Greek Orthodox Church xchrom Oct 2012 #33

Central Bank revises forecasts lower {ireland} xchrom Oct 2012 #34

Africa's mineral wealth hardly denting poverty levels, says World Bank xchrom Oct 2012 #36

TRADE IN TOP GREEK BANKS HALTED AFTER MERGER TALK xchrom Oct 2012 #37

France halves growth forecast xchrom Oct 2012 #54