[mEDITate-OR:
wait, patiently, for justice to be done...
These are criminal investigations...
one Federal
the other State of NY
That is in addition to the SEC fraud and manipulation charges
And, that is in addition to the class action lawsuit that have been filed
And, THAT is in addition to the pension and insurance co lawsuit that have already been and more that are forthcoming.
It will get ugly for them, soon.
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Wall Street wrongdoing probes expanding
Reuters, citing source, reports of a preliminary criminal probe of 6 banks
Federal prosecutors in New York are conducting a broad criminal investigation into whether major Wall Street financial firms misled investors, a person familiar with the matter says.
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NYT: Prosecutor asks if banks duped rating agencies
Goldman Sachs, Morgan Stanley, UBS, Citigroup among targets
The New York attorney general starts an investigation of 8 banks to determine whether they provided misleading information to rating agencies about mortgage securities, sources say.
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Video: |
May 13: TIME Magazine's Michael Elliot sits down with Morning Joe to discuss how Elizabeth Warren, Mary Schapiro, and Sheila Blair are changing financial regulation. |
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Video: |
May 13: Some experts say Congress’ cozy relationship with Wall Street led to lax rules that enabled the meltdown to happen and also argue that the financial reform bill doesn’t go far enough to prevent another collapse. |
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