Friday, April 18, 2008

More brown stuff hitting the fan in the US!

Auction-Bond Probes Widen; New York's Cuomo Subpoenas 18 Firms

Probes into the collapse of the auction-rate securities market are widening as state regulators from New York to Washington scrutinize how Wall Street peddled the bonds to investors and issuers. ``To have subpoenas and the threat of criminal investigations raised suggests that somebody has made up their mind that there really are abuses there,'' said Donald Langevoort, a former Securities and Exchange Commission attorney who now teaches securities law at Georgetown University in Washington. ``It certainly suggests something more than regulatory curiosity.''

Posted by tyrellcorporation @ 10:03 AM (469 views)
Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>