in 2009 the FBI investigated 5,316 bank robberies, recovering approximately $8 million out of a total of $46 million that had been stolen—less than a week’s pay for Paulson.
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3 search results for "Under the Abacus Deals"
Grand Theft Paycheck
Under the Abacus Deals
Wall Street Journal reporters examine the mortgages beneath the Abacus deals. Nice mix here of foreclosure stories, from a guy who got hit by a truck and a Romanian immigrant who got scammed by a predatory lender, to a woman in California’s Inland Empire who worked as a nursing-home assistant and also somehow allegedly...
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Goldman Fraud Is Not Goldman’s Alone
Something that occurred to me as I learned of the Securities and Exchange Commission’s civil fraud suit against Goldman Sachs Friday (this New York Times piece has a link to the complaint): Who was buying mortgage-backed paper in mid 2007 and what were they thinking? Anybody whose skull wasn’t filled with oatmeal knew by...
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