Wachovia to Be Charged in Mortgage CDO Scandal
The SEC is getting ready to bring civil charges against Wachovia for allegedly jacking up prices on its CDOs, even as the loans underlying them fell in value, sources tell the Wall Street Journal . The charges come out of a larger SEC probe into Wall Street’s shady CDO practices, which…
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Wachovia to Be Charged in Mortgage CDO Scandal
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on April 4, 2011. Filed under News, World News.
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