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Realistbear

F B I Investigating Countrywide

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http://biz.yahoo.com/ap/080309/countrywide_probe.html

AP
Reports: FBI Investigating Countrywide
Sunday March 9, 10:35 am ET
Reports: FBI Begins Investigation Into Countrywide Financial Corp. for Securities Fraud
LOS ANGELES (AP) -- Federal authorities are investigating Countrywide Financial Corp. for securities fraud, according to media reports.
The FBI is in the early stages of an inquiry into whether company officials misrepresented its financial position and the quality of its mortgage loans, The Wall Street Journal first reported Saturday, citing law enforcement officials and finance executives with knowledge of the development.

Our own VIs would never misrepresent the quality of their loans. I mean, take Northern Rock just for an example. The public have been assured buy U-turn Ali that the loans are all of the utmost quality.......

Hang on. Why did we even have to buy NR in the first place?

Edit: I know we are not supposed to judge a book by its cover but check out "the face" of countrywide in the AP photo. Looks a bit like someone Tony Soprano would hire?

Edited by Realistbear

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  • 293 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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