Taking their lead from the recently announced MBS fraud Senate panel, the UK’s no-nonsense Serious Fraud Office is trying to answer the question of whether or not some CDO pitchmen knew their products weren’t worth what they said they were. Undaunted by the warning of SFO director, Richard Alderman,that, “Some of them are incredibly complicated and they are sold by very, very clever people”, the agency will seek to prove that certain bilateral agreement utilizing proprietary pricing models qualify as fraudlent. Hopefully the SFO will offer their services as omniscient valuation agent to issuers in the future to avoid these little misunderstandings from happening again.
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
Too obligated; didn’t read.
“SFO director, Richard Alderman”
So which is he, a Director? or an Alderman?
Or just a Rick?
He’s a Dick.
I gotta remember not to click on the DB bookmark for 2 weeks.
I gotta remember not to click on the DB bookmark for 2 weeks.
I gotta remember not to click on the DB bookmark for 2 weeks.
I gotta remember not to click on the DB bookmark for 2 weeks.
I gotta remember not to click on the DB bookmark for 2 weeks.
I gotta remember not to click on the DB bookmark for 2 weeks.
@4 QFT.
Believe fraudulent has two u’s.
@2 – please stop. Please.
What in the hell is this diarrhea of the keyboard supposed to mean?
The crash of the U.S. economy has begun. It was announced the morning of Wednesday, June 13, 2007, by economic writers Steven Pearlstein and Robert Samuelson in the pages of the Washington Post, one of the foremost house organs of the U.S. monetary elite. Other writers with less prestigious platforms than the Post have been talking about an approaching financial bust for a couple of years. Among them has been economist Michael Hudson, author of an article on the housing bubble titled, “The New Road to Serfdom” in the May 2006 issue of Harper’s. The United States has lost about 6.5 million jobs since the recession began in December 2007. Economists in a separate survey taken by Bloomberg this month predicted the jobless rate will reach 10 percent by year-end from 9.5 percent in June. See also, http://personalmoneystore.com/Short-Term-Loans/ for further information.