Editor’s Note: The allegation was that the Pension Fund was misled into buying securities backed by risky mortgages from the now defunct New Century Financial. The importance of this is that it corroborates what we have been saying all along. The pension funds were required by law to invest in “stable” funds which means in […]

Tags: AIG, Goldman Sachs, meeting of the minds, mortgage liens, New Century Financial, pension funds, stable funds
Posted in bubble, Corruption, Eviction, securities fraud |