mortgage-backed securities

PIMCO is taking Treasury’s money and running.

An investigation out today from the Center for Public Integrity details the nearly $370 million spent by top subprime lenders over the past decade to fend off regulation in Washington. While that’s disturbing enough, the study make clear that some of the major banks being bailed out by taxpayers were hardly victims of those subprime [...]

A longtime analyst for mortgage giant Freddie Mac who served as acting Chief Financial Officer since the firm was taken over by the federal government ast September was found dead in his suburban Virginia home, after an apparent suicide, The Washington Post reports. David Kellermann became CFO after the government ousted top executives of Freddie [...]

Some experts and politicians believe that the mark-to-market accounting rule is to blame for the financial crisis–and they want to modify it; opponents say that would cloud companies’ true financial health.