Subprime Losers Blame Bear, Credit Suisse, JPM, Morgan Stanley

Discussion in 'Wall St. News' started by robertstone, Apr 11, 2007.

  1. Subprime Losers Blame Bear, Credit Suisse, JPM, Morgan Stanley

    This case needs to be watched closely.

    From the article: The Wall Street firms ``knowingly participated in the wrongdoing because they profited substantially, while they were not at risk on any monies loaned'' to American Business, Miller said in the complaint....

    http://www.bloomberg.com/apps/news?pid=20601009&sid=avI34G5JBAjQ&refer=bond


    --RS
     
  2. nkhoi

    nkhoi Moderator

    I lost 5K in buying a REIT stock yielding 15%, it went bankrupt. I didn't even know who to blame, lol.