NY accuses Credit Suisse of mortgage fraud
Excerpt:ALBANY, N. Y. New York is taking legal action against Credit Suisse Securities and affiliates, claiming they misled investors about the care taken in assessing their residential mortgage-backed securities. The suit submitted Tuesday in Manhattan under New York's Martin Act alleges Credit Suisse tricked investors prior to the 2008 market collapse. Attorney General Eric Schneiderman states the securities sponsored and underwritten by Credit Suisse in 2006 and 2007 have actually lost about $ 11. 2 billion. "Our investigations and legal actions demonstrate that there must be one set of rules for all-- no matter how big or powerful the institution may be-- and that those rules will be enforced vigorously," Schneiderman said in a declaration . "We need real accountability for the illegal and deceptive conduct in the creation of the housing bubble in order to bring justice for New York's homeowners and investors.
Keywords:
New YorkCredit Suissemortgage fraudsecuritiesbankmortgage-backed securitiesPresident Barack ObamaEric SchneidermaninvestorsPreet BhararaJPMorgan ChaseFannie MaeBear StearnsMartin Actfederal prosecutorWells Fargohousing bubbletask forceFreddie Macfinancial crisisAttorney GeneralmonthsalegovtAmericaunderwrittendeceptiveBarackmisconductaccountabilityaffiliateshomeownersThe suitManhattanpaymentslendinginstitutionresidentialmarketlegalinsurancePeople:
Attorney General Eric Schneiderman
Overall Sentiment: 0.057676
Relevance: 0.6985
| Sentiment | Quote |
|---|---|
| 0.172044 | "Our investigations and legal actions demonstrate that there must be one set of rules for all -- no matter how big or powerful the institution may be -- and that those rules will be enforced vigorously," Schneiderman said ... |
| 0.0455346 | "Our investigations and legal actions demonstrate that there must be one set of rules for all -- no matter how big or powerful the institution may be -- and that those rules will be enforced vigorously," Schneiderman said in a statement. "We need real accountability for the illegal and deceptive conduct in the creation of the housing bubble in order to bring justice for New York's homeowners and investors." |
| Sentiment Stats: |
|
President Barack Obama
Overall Sentiment: -0.307924
Relevance: 0.27391
Disambiguation: Politician | President | Appointer | AwardWinner | Celebrity | PoliticalAppointer | U.S.Congressperson | USPresident | TVActorReferences:
Key:
- Aggregate Sentiment is meant to be an indicator of an individual's overall sentiment.
- The Mean is meant to be an indicator of an individual's average comment sentiment.
- The Standard Deviation, when there are enough quotes, will indicate an individual's consistency of sentiment (i.e. a Standard Deviation of 0 would mean they were very consistent in their sentiment and 1 would mean they were very inconsistent).
Note that quote stats are likely to be meaningless beyond the aggregate score due to the tiny sample size. However, they are always provided just in case you find something useful there.
Additional Info:
Company: Credit Suisse Securities
Overall Sentiment: -0.160756
Relevance: 0.83662
Company: Credit Suisse
Overall Sentiment: -0.412328
Relevance: 0.552694
Company: Bank of America
Overall Sentiment: -0.0537182
Relevance: 0.341172
City: New York
Overall Sentiment: 0.0100325
Relevance: 0.660866
Disambiguation: References:
Meta
Site Provided Keywords:
Site Provided Title:
URL Provided Desc:
Source : feeds.cbsnews.com
- bank of america
- credit suisse
- eric schneiderman
- financial crisis
- housing crash
- jpmorgan chase
- mortgage fraud
- wells fargo
Site Provided Title:
NY accuses Credit Suisse of mortgage fraud
URL Provided Desc:
State attorney general alleges that Swiss banking giant misrepresented mortgage securities and misled investors
Source : feeds.cbsnews.com
No comments:
Post a Comment