Stakes Rise In SubPrime Cleanup With Fed Investigations

LawFuel – Federal investigations into the subprime crisis have been stepped up, putting further pressure on Wall Street, the WSJ reports.

LawFuel’s main story reports thast federal criminal prosecutors in New York are investigating whether UBS AG misled investors by booking inflated prices of mortgage bonds it held despite knowledge that the valuations had dropped, according to people familiar with the matter.

See LawFuel.com

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