Thursday, October 29, 2009

Who's Behind the Financial Meltdown

The Center for Public Integrity
a href="http://www.publicintegrity.org/investigations/economic_meltdown/articles/entry/1629/">Among those on the list:
At least two firms that earlier settled charges of illegal collection practices brought by federal regulators; another was placed under federal supervision before voluntarily surrendering its bank charter;
A subprime subsidiary of top-bailout recipient American International Group Inc. (AIG);
Two former subsidiaries of Merrill Lynch & Co. and one former subsidiary of Lehman Brothers, investment banks that helped underwrite the subprime boom, and;
A subsidiary of the now-sold, former No. 1 subprime lender in the nation, Countrywide Financial Corp.

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