Hints and tips:
...(Financial Times) Six banks sued over trustee roles: A group of big investors including Blackrock and Pimco are suing six different banks including Deutsche Bank and HSBC for their role as trustees of mortgage-backed...
...The class action suit was filed in 2008, shortly after AIG was rescued by the US Treasury and Federal Reserve as it racked up huge losses on insurance written on plunging mortgage securities....
...Loan Bank of Chicago and the Federal Home Loan Bank of Indianapolis, have filed lawsuits against Citigroup and certain of its affiliates alleging actionable misstatements or omissions in connection with...
...Countrywide Home Loans Servicing LP, et al is ostensibly brought on behalf of a class of purchasers of certain mortgage pass-through certificates for which CWALT, Inc. and various issuing trusts filed registration...
...Rosenberg, head of credit research at Banc of America Securities....
...Banks with exposure to the mortgage market fared particularly well....
...$1,400bn of structured assets have to be unwound. At least. Somehow. Over some unknown timeframe. In the most illiquid markets witnessed in modern times. Recommended discourse: JCK et al at Alea....
...In the 1980s the federal government’s guarantee to investors amid the savings and loans crisis created moral hazard....
...spreads tighter”, noted Jeffrey Rosenberg, head of credit research for Banc of America Securities....
...The combination of an epochal financial crisis, outsized bets on exotic securities, inadequate internal controls and poor regulatory supervision forced AIG last month to accept an $85bn loan from the Federal...
...said Jeffrey Rosenberg, head of credit strategy at Banc of America Securities....
...We won’t pretend to have read all of it. Instead, let’s home in on the article by Tobias Adrian, from the Federal Bank of New York, and Hyun Song Shin, from Princeton University....
...For long-term equity investors, the prospects look bright said analysts at Banc of America Securities....
...During several years of strong capital markets and strong investor appetite for high-yielding securities, lenders became accustomed to easily selling the risky home loans they made to Wall Street banks....
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