Friday, April 23, 2010

SEC investigating soured mortgage deals on Wall St

SEC is said to be looking into whether other soured mortgage deals on Wall St may have misledinvestors – the WSJ says that “among the firms that created mortgage deals that soon went sour wereDeutsche, UBS, and Merrill”. AIG insured at least $1B worth of bond deals issued by Wall St firms in ’05that reflected hedge funds’ input. The Journal article discusses CDOs created by Deutsche w/the input ofcertain hedge funds. WSJ

1 comment:

  1. B of A was crowing about the Merrill franchise, let's see what they say now