“Lehman’s own documents show it was aware of the widespread problems and deteriorating performance of the loans it had securitized,” with half the loans at one point containing material misrepresentations, the trustees said in a court filing. Editor’s Note: The difference is money — investors have it and borrower’s don’t. So while investors are successfully litigating […]

Tags: BlackRock Financial Management, BlueMountain Capital Management LLC, Credit Suisse, Deer Park Road Management Co, Deutsche Bank National Trust Co, Goldman Sachs, mortgage fraud, Prophet Capital Management LP, RMBS holders, Tilden Park Capital Management LP, Tricadia Capital Management LLC, Whitebox Advisors LLC
Posted in Corruption, discovery, evidence, securities fraud |