New York Subpoenas the Big Boys on Mortgage Inquiries
New York state prosecutors have sent subpoenas to Wall Street firms seeking information related to the packaging and selling of debt tied to high-risk mortgages, a person familiar with the matter said on Wednesday.
The subpoenas, sent by the office of New York Attorney General Andrew Cuomo, requested information from a number of Wall Street firms.
The Wall Street Journal on Wednesday reported that Merrill Lynch & Co (NYSE:MER - News), Bear Stearns Cos (NYSE:BSC - News) and Deutsche Bank AG (XETRA:DBKGN.DE - News) received subpoenas, citing unnamed sources.
The subpoenas, sent by the office of New York Attorney General Andrew Cuomo, requested information from a number of Wall Street firms.
The Wall Street Journal on Wednesday reported that Merrill Lynch & Co (NYSE:MER - News), Bear Stearns Cos (NYSE:BSC - News) and Deutsche Bank AG (XETRA:DBKGN.DE - News) received subpoenas, citing unnamed sources.
Labels: Bear Stearns Companies Inc., BSC, Deutsche Bank AG, MER, Merrill Lynch and Co. Inc., Wall Street Subpoenas
posted by Stock Administrator @ 3:28 PM
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