December 5, 2007

New York subpoenas Wall Street on mortgages (Reuters)

A street sign is seen in front of an American flag hanging on the front of the New York Stock Exchange August 9, 2007. (Lucas Jackson/Reuters)Reuters – New York state prosecutors have sent
subpoenas to Wall Street firms seeking information related to
the packaging and selling of debt tied to high-risk mortgages,
a person familiar with the matter said on Wednesday.

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