the Justice Department and the Securities and Exchange Commission filed criminal and civil charges against a former securities salesman who was accused of defrauding the institutional investors who invested their own and the government’s money in PPIP. http://www.nytimes.com/2013/02/01/business/court-case-offers-a-peek-into-mortgage-security-pricing.html?pagewanted=all&_r=0 The New York Times...
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