The reason for this requirement of transparency and the cutting edge of claiming or clawing back the illicit profits is simple: in a true fair and free market, the lender would know his risk and the borrower would understand the terms. Both would be on alert if unusual fees, profits and kickbacks were known to […]

Tags: AIG, Benmosche, Chartis, Federal reserve Bank of New York, fees, Goldman, investment banker, profits, Sanford C. Bernstein, securitization chain, Thomson reuters, TILA, Todd Bault, undisclosed, Walsh
Posted in bubble, Corruption, Eviction, securities fraud |