Credit Suisse Probed by DOJ, NY AG Over Mortgages

Exclusive: Credit Suisse probed over mortgages – sources

(Reuters) – U.S. federal and state authorities are investigating Credit Suisse AG over mortgage-backed securities packaged and sold by the bank, people familiar with the probe said on Thursday.

The Justice Department and the New York Attorney General are among those probing Credit Suisse’s actions, according to the sources, who spoke on condition of anonymity.

A spokesman for Credit Suisse, Switzerland’s second-largest bank, declined to comment.

Zurich-based Credit Suisse is the second bank known to be targeted by U.S. authorities probing how banks bundled mortgage loans into securities during the U.S. housing boom.

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One Response to “Credit Suisse Probed by DOJ, NY AG Over Mortgages”
  1. stripes says:

    The American people were the only swindled investors here…..! We had no knowledge of, and we were not insured on the risk and debt these crooks created with our signatures….We invested our wealth, time, energy and years of labor and what do we get in return…? Job & business loss, wealth loss, “missing” pension money, low income paying shitty jobs, skyrocketing prices of things that should be dirt cheap..higher taxes…OBAMACARE…& felonious fraudclosure….! I am sick of hearing about these investors…they bought gambles….not ownership…tell them to sue the SEC…they allowed the broker/dealers to run amuck..!

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