続々)司法当局の介入
NYT/Businessのオンラインのトップ記事で、 NYTは案外、正攻法で書いてます、Wall St. Firms Subpoenaed in Subprime Inquiry By JENNY ANDERSON Published: December 5, 2007Attorney General Andrew Cuomo of New York has subpoenaed major Wall Street firms including Merrill Lynch, Morgan Stanley and Deutsche Bank, seeking information about the business of packaging and selling subprime mortgages, according to people briefed on the subpoenas. The subpoenas, sent out in late summer, are part of a wide review of the mortgage industry by Mr. Cuomo's office into the mortgage business. The subpoenas were reported today by The Wall Street Journal. Wall Street has played a key role in the boom in lending to buyers with weak credit records. It has extended credit to mortgage originators to allow them to offer more mortgages, bought companies that originate and service mortgages, and perhaps most importantly, packaged the mortgages into securities to sell to investors. By selling those securities, they are able to retain less risk and originate more loans; investors wanted to buy the securities because they had very high interest rates in an environment where general interest rates were very low. The attorney general is interested in how the securitization business worked and what level of due diligence Wall Street banks did on the mortgages they bought to resell, including who the securities were ultimately sold to and with what kind of disclosures. The office is expected to look at deals that have exhibited high default rates, according to people briefed on the subpoenas. Bear Stearns and Lehman Brothers were also sent the subpoenas. Goldman Sachs was not. Representatives from all the firms declined to comment, and Mr. Cuomo's office did not return a call requesting comment. Mr. Cuomo recently subpoenaed Freddie Mac and Fannie Mae in a broad look at what he called "widespread collusion" between real estate appraisers and lenders, including Washington Mutual, to inflate home prices. He filed suit against First American Corporation, alleging they artificially inflated appraisals to win Washington Mutual's business. 内容は変わらないが、召喚状送付先は、メリル、ドイツ銀行、さらにモルガンスタンレーが増えた、ベアスターンズ、リーマンには送付済み、そしてなぜか、ゴールドマンサックスは未送付、クオモ長官はNYTのインタビューに今現在ノーコメントとしている、さらにフォロー、