While all comments regarding the proposed rule support securitization authority, most also say the NCUA is too restrictive.
New York Federal Reserve Bank President William C. Dudley tells New York Times banks’ misdeeds are a problem deeply rooted within Wall Street.
The corporate assessment era is over.
Several Wall Street banks and credit rating agencies are claiming that the former Eastern Financial Florida Credit Union knew the risks going in before investing in $100 million in collateralized debt obligations.
The risks tied to collateralized debt obligations remains the focal point of Space Coast Credit Union’s lawsuit against Wall Street banks and credit raters.