SEC Did Not Do Its Job with Madoff
Posted September 14, 2009 – 4:24 pm in: FinancialCited: Reuters
The US securities regulators will their game when they miss the numerous red flags that could have stopped Bernard Madoff’s $65 billion Ponzi scheme! They received numerous complaints dating back to 1992 and never did take the role and competent probe into the situation according to a federal watchdog. According to the SEC Inspector [...]
No Comments |Loan Rates and Applications Dip
Posted September 14, 2009 – 4:15 pm in: FinancialCited: NewsDaily
An industry group reported that US mortgage applications slid the last week of August even though mortgage rates edged lower. Even requests for loans to buy homes declined for the first time since July. The applications index fell by a seasonal adjustment of 2.2% as the demand for both purchase and refinance loans slipped [...]
No Comments |Toxic Asset Plan for Investors and Banks
Posted June 15, 2009 – 3:57 pm in: FinancialCited: TheStreet.com
Additional details regarding the Obama administration’s plan to kick-start the market for toxic was given to banks who wish to get rid of bad assets and investors who were interested in buying them. A summit was held to discuss aspects and potential impacts of the government’s Public-Private Investment Program (PREA) that was hosted by [...]