Investments

May 24, 2012
NY Mortgage Trust issues stock to buy Fannie, Freddie bonds

New York Mortgage Trust is offering four million shares of common stock as part of its investment strategy to...

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Federal RMBS fraud task force reaches out to whistleblowers

The federal RMBS fraud task force grew the number of its subpoenas to 25. It opened a website for whistleblowers and brought on board a coordinator for all investigative groups, but no action has been taken, yet.

They Said It

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“In the dark days of the financial crisis, when commitments to AIG totaled $182 billion, few would have believed that we’d already be able to reduce that amount by more than 75%."

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ReWired

Paul Volcker calls for the death of modern securitization

A Senate committee listened to Paul Volcker talk about too-big-to-fail bailouts and came to no conclusion on GSE reform. Particularly jarring, the former Fed chair argued that securitization as it is currently practiced is a speculative trade and therefore should be banned.

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