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Illinois to sue Countrywide; tip of iceberg?
We've noted before that prosecutions and regulatory action always follow scandals. So the news that the state of Illinois will sue Countrywide and its CEO Angelo Mozilo come as no surprise. You can Read more...
A turning point for investment banks
We've wondered a lot over the past year about what's next for Wall Street, as in what's the next big thing? The subprime boom, as it continues to wind down, will not reflate anytime soon. We have to Read more...
ALSO NOTED: Does Lehman move suggest bigger equity derivative losses?;Lenders pressure Carlyle fund more; and much more...
Company News: > Thornburg restate 2007 loss. Article Read more...