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Cdo

Is Wall Street Full of Human CDOs?

Elise Coroneos | Posted 05.25.2011 | Business
Elise Coroneos

After the fiasco of the last year, the financial community should be getting back to the fundamentals of its job, which is to be stewards of the community's wealth.

Wall Street bankers Offer Flimsy Excuses at FCIC Hearing

Jeff Madrick | Posted 05.25.2011 | Business
Jeff Madrick

Here's a question that the next round of bankers should be asked. Did they know they were supporting predatory and probably criminally fraudulent lending throughout America by their activities?

Goldman Sachs Shareholder Suits: Bank Is Wasting Shareholder Money On Huge Bonuses

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

Two new lawsuits accuse Goldman Sachs, now the most profitable securities firm in Wall Street history, of wasting shareholder money by paying out huge...

Landmark Decision Promises Massive Relief for Homeowners and Trouble for Banks

Ellen Brown | Posted 05.25.2011 | Business
Ellen Brown

60 million mortgages with fatal defects in title could give aggrieved homeowners and securities holders the crowbar they need to exert some serious leverage on Congress.

Too Little, Too Late For Derivatives Oversight

Jill Keto | Posted 05.25.2011 | Business
Jill Keto

Derivatives are a problem of breathtaking scale that cannot be cleaned up with a quick government fix.

Morgan Stanley Turns Downgraded CDOs Into AAA Securities

bloomberg.com | Posted 05.25.2011 | Business

July 8 (Bloomberg) -- Morgan Stanley plans to repackage a downgraded collateralized debt obligation backed by leveraged loans into new securities with...

Field of Dreams: Fantasy Finance Meets Fantasy Baseball

Les Leopold | Posted 05.25.2011 | Business
Les Leopold

Bernie Madoff, -- the Babe Ruth of fantasy finance -- is in a league of his own. His Ponzi scheme simply did away with all the fuss and bother of investments.

Green Banking, Good Banking

John Tepper Marlin | Posted 05.25.2011 | Green
John Tepper Marlin

If Ceres Climate Change ratings had been used as a proxy for long-term thinking, they would have been helpful. They would, in the context of the illiquidity of the credit markets, have been a good predictor of the Bankers Panic of 2008.

Citi CEO Spins Foreign Bailout Money

New York Post | Paul Tharp | Posted 05.25.2011 | Business

Vikram Pandit's winding up his 100-day, globetrotting honeymoon as Citigroup's would-be savior by yesterday writing a love note to all employees to as...