Private Lenders to Keep 5 Percent of Risk Under New U.S. Rules
Wednesday, March 16th, 2011Private lenders will be required to keep at least a 5 percent stake in loans they package and sell under an agreement reached by House and Senate lawmakers who are negotiating the financial-regulatory bill.
The Subprime Mortgage Crisis on Trial
Monday, March 14th, 2011The financial meltdown has led to only a few civil and criminal cases against executives, and even those focused on peripheral issues: Goldman Sachs’ peddling of a credit derivative obligation and the communications of two former Bear Stearns hedge fund managers.