Busted: Bankers and The Global Economy

January 31, 2008

FBI Checks Out Bankers

Filed under: banking, investment, money — Tags: , , , , , , — digitaleconomy @ 9:26 am

The FBI is investigating senior banking executives for insider dealing and fraud regarding the subprime crisis. The FBI has revealed that it will investigate every level of the conspiracy that perpetuated the housing boom. They are looking at accounting fraud regarding the securitization of subprime loans. The FBI is looking the securitization process as well as the people that hold the securities and will investigate the possibility of insider trading and the offloading of bank debt in the form of collateralized debt obligations, bonds and other securities.


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