Entries tagged "mortgage-backed securities"
Wall Street appears less than enamored with the Obama administration's new bank rescue plan.
After helping Paulson & Co. (the hedge fund, not the guys running the Treasury) make a tidy $3 billion profit from the collapse of the U.S. real estate market in 2007, Paolo Pellegrini is leaving to start his own shop. ...
It appears that Credit Suisse Group may have finally figured out a way to curb the risk-taking behavior of its senior employees ... by giving them bonuses in the form of $5 billion of the toxic mortgage-backed assets that lie at the heart of the credit crisis. ...