Friday, April 16, 2010

SEC Charges Goldman Sachs With Fraud Tied to Subprime Mortgages

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Goldman Sachs built a mortgage-backed security that was designed to implode in a manner that Paulson & Co. (Not Hank Paulson) could profit from by... - MND NewsWire
Building permits are on the rise from record low levels, but builders are not using them, housing starts are essentially stagnant.Isn't that a good... - MND NewsWire
"Reform is coming," according to a Treasury Department official who spoke this week to the National Policy Conference 2010 held by the Mortgage... - MND NewsWire
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MBS Quotes
FNMA 4.0 97-17 0-18
FNMA 4.5 100-15 0-11
FNMA 5.0 103-10 0-13
FNMA 5.5 105-09 0-09
FNMA 6.0 106-26 0-05
Updated: 4/16/10 4:32 PM
Treasuries
3 MO 0.1511 -0.0089
2 YR 0.9513 -0.0887
5 YR 2.4661 -0.1039
10 YR 3.7626 -0.0975
30 YR 4.6705 -0.0495
Updated: 4/16/10 5:15 PM
Mortgage Rates
30 Yr FRM 4.96 -0.04
15 Yr FRM 4.31 -0.03
FHA 30 Year 5.14 -0.05
Jumbo 30 Year 6.54 -0.01
5/1 Yr ARM 4.04 -0.06
Updated: 4/16/10 5:14 PM
Latest Video      
View:All Videos
SEC vs. Goldman Sachs
4/16/2010
The latest on the SEC's charges against Goldman Sachs, with CNBC's Scott Cohn.
President On Economy
4/16/2010
President Obama makes comments on the progress of economic recovery.
SEC Charges Goldman with Subprime Fraud
4/16/2010
CNBC's Scott Cohn has the details on the SEC charging Goldman Sachs with fraud on subprime, with Bove, Rochdale Securities; Stephen Wood, Russell Investments...

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Recent Comments
Frank Ceizyk
on 4/16/2010 - read this comment
JDR--perhaps you could use all your passion to launch a financial education campaign for your "clients". Where was the industry outcry (realtors/mortgage/fed/anyone) when market values had bubbled...
Jason Wilborn
on 4/16/2010 - read this comment
JDR - no offense, but a registry isnt going to do much for eliminating CROOKS as you put it. I know many FA and stock brokers who still have essentially very little rules to play by and can do just about...
Adam Quinones
on 4/16/2010 - read this comment
I agree with most everything you are saying JDR. However I was not referring to the mortgage industry alone, more so the entire financial and banking system. I believe in the right amount of regulation...
jdr
on 4/16/2010 - read this comment
"TERRIBLE timing"??!! PERFECT timing! I've been in the business since 1985, and when G-L-B passed, I knew this kind of s*** would happen! Do you REALLY take the position that LESS reform...

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