AnCaps
ANARCHO-CAPITALISTS
Bitch-Slapping Statists For Fun & Profit Based On The Non-Aggression Principle
 
HomePortalGalleryRegisterLog in

 

 SEC Didn’t Act After Spotting Wall Street Risks, Documents Show

View previous topic View next topic Go down 
AuthorMessage
CovOps

CovOps

Female Location : Ether-Sphere
Job/hobbies : Irrationality Exterminator
Humor : Über Serious

SEC Didn’t Act After Spotting Wall Street Risks, Documents Show Vide
PostSubject: SEC Didn’t Act After Spotting Wall Street Risks, Documents Show   SEC Didn’t Act After Spotting Wall Street Risks, Documents Show Icon_minitimeWed May 05, 2010 11:53 pm

The U.S. Securities and Exchange Commission, criticized by lawmakers for failing to stop practices that fueled the financial crisis, raised concerns as early as 2006 about the risks of Wall Street’s appetite for packaging mortgages into bonds.

Officials in the SEC’s division of trading and markets wrote that collateralized debt obligations tied to home loans exposed banks to writedowns if the assets weren’t immediately sold, according to documents released yesterday by a federal panel investigating the crisis.

“This risk is difficult to measure and hence to manage,” said the memo dated Feb. 1, 2006.

http://www.businessweek.com/news/2010-05-05/sec-didn-t-act-after-spotting-wall-street-risks-documents-show.html
Back to top Go down
 

SEC Didn’t Act After Spotting Wall Street Risks, Documents Show

View previous topic View next topic Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
 :: Anarcho-Capitalist Categorical Imperatives :: AnCaps' Laissez-faire Free Trade Zone-