Forgot your password?
typodupeerror
Businesses

+ - Email Trails Show Bankers Behaving Badly

Submitted by Anonymous Coward
An anonymous reader writes "The New York Times is running a pair of stories about US financial institutions being investigated by the Federal government and courts for alleged systemic and illegal activities that helped bring about the housing crisis and collapse of the world economy in 2008. Emails produced during courtroom discovery reveal that insiders at JP Morgan Chase knew that the bundles of securities they were marketing to investors were rotten with bad loans. And emails show the credit rating agency Standard & Poor's (a division of McGraw-Hill) was determined to stop losing deals to its competitors by being too tough on the banks whose products they were evaluating"
This discussion was created for logged-in users only, but now has been archived. No new comments can be posted.

Email Trails Show Bankers Behaving Badly

Comments Filter:

"Consistency requires you to be as ignorant today as you were a year ago." -- Bernard Berenson

Working...