Tag Archive "mortgage-securities"

Private Actions by Duped Mortgage Securities Investors and Misled Bank Shareholders Seek to Hold Wrongdoers Accountable and Bring Justice to Wall Street (Whether or Not Conflicted Regulators Take Action)

With news breaking daily about how our nation’s largest banks are engaging in alleged fraudulent foreclosure practices (apparently in order to forestall the day their losses will need to be realized on financial statements), the now documented wrongdoing that helped create the bad mortgage debt and real estate-based financial meltdown is off media radar screens. Many financial commentators and bloggers, however, are asking whether federal law enforcement and regulatory agencies will take action against those bankers who knowingly sold investors “defective” mortgage securities and, at the same time, hid the ballooning risks of underwriting and marketing such paper from their own shareholders.