Government Scrutiny of Wall Street MBS Activity Escalates as NY AG Cuomo Opens Another Front
May 21, 2010
Eight of the biggest banking players in the mortgage industry and the three largest credit rating services have been subpoenaed by NY Attorney General Andrew Cuomo to determine if they gave misleading information to the rating services about mortgage securities they sold to investors. The entities targeted by the probe include Citigroup, Goldman Sachs, Morgan Stanley, Merrill Lynch...