Home

mortgage assets

US bailout funds sank into oblivion with many goals unlikely to be achieved

September 24, 2009 - 5:41am | Analytics | News
US bailout funds sank into oblivion with many goals unlikely to be achieved

In a prepared US Senate testimony Neil Barofsky, the special inspector general for the U.S. Treasury's $700 billion Troubled Asset Relief Program (TARP), said that US taxpayers will likely fail to get their money back that were invested in financial companies. He noted that while these funds played a significant role in stabilizing the economic system the bailout may never fulfill certain policy goals.
Read more

bailout funds | economic recovery | mortgage assets | taxpayer money | toxic assets | US economy
0 points

Citi in talks with SEC over its misleading the investors

May 28, 2009 - 4:38am | Banks and internet banks | News
Citi in talks with SEC over its misleading the investors

Negotiations are being conducted between Citigroup Inc and the U.S. Securities and Exchange Commission (SEC) to settle an investigation into whether the company misled investors by improperly disclosing the amount of troubled mortgage assets it held as the markets started to fall in 2007 according to the sources familiar with the situation cited by the Wall Street Journal.
Read more

Citi | investor | mortgage assets | penalty | SEC | troubled assets
0 points
Did not find what you want? Try to search all ecommerce sites!
Custom Search