CBS NEWS IN JULY WHEN DOW WAS 13,000: MORTGAGE MELTDOWN IS PONZI SCHEME SELLING MORTGAGES TO BORROWERS THAT THEY COULD NOT AFFORD
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December 6, 2008
Missal Report Documents New Century Predatory Lending Even After General Counsel Warned Against It — Borrowers May Have Cause of Action Against Auditor KPMG
Report: New Century’s GC Warned Managers of Subprime Danger Sue Reisinger Corporate Counsel March 31, 2008 Listening to its general counsel might well have saved New Century Financial Corp., once the nation’s second-largest subprime mortgage lender, from plunging into bankruptcy a year ago. That’s one lesson from a 581-page report filed Wednesday by Michael Missal.A …