Tag Archives: mortgage backed securities

RBS and HSBC package bad loans, sued in US

September 4, 2011 – 4:53 AM

Documents released by the US Federal Housing Finance Agency (FHFA) claim that Royal Bank of Scotland (RBS) and HSBC retained the services of Clayton Holdings, a risk analysis specialist, to scrutinize loans before they were placed in bundles of mortgage-backed securities.

By Timothy Blake | Posted in Barclays PLC, HSBC, Royal Bank of Scotland (RBS) | Also tagged , , , , , | Comments (1)

Goldman Sachs sued again over MBS

August 19, 2011 – 9:53 AM

Bond insurer CIFG Assurance has become the latest aggrieved party to sue Goldman Sachs for misrepresenting a bunch of MBS-related securities that blew up.

By Timothy Blake | Posted in Goldman Sachs | Also tagged , , , , | Comments Off

Greek debt and U.S. subprime crisis similar

June 29, 2010 – 8:28 AM

The parallel between the Greek debt crisis and the subprime crisis is striking. Trashy debt is alchemised to gold through manipulations driven by a political agenda.

By Timothy Blake | Posted in General Finance | Also tagged , , | Comments Off