{"id":4535,"date":"2007-12-12T01:09:29","date_gmt":"2007-12-12T01:09:29","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/12\/bear_stearns_deutsche_bank_and"},"modified":"2022-05-09T14:41:20","modified_gmt":"2022-05-09T19:41:20","slug":"bear-stearns-deutsche-bank-and","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/bear-stearns-deutsche-bank-and\/","title":{"rendered":"Bear Stearns, Deutsche Bank, and Merrill Lynch Among the Wall Street Firms Subpoenaed by New York Prosecutors"},"content":{"rendered":"

\t\t\t\tNew York Attorney General Andrew Cuomo is subpoenaing several Wall Street firms, including Deutsche Bank AG, Merrill Lynch & Co, and Bear Stearns, for information about packaging and selling debt connect to high-risk mortgages.<\/p>\n

Prosecutors want to look at the way investment banks review the quality of mortgages before turning them into packaged products that can be sold to investors. They also want to find out how debt is being turned into securities and learn more about the credit-rating firm-bank relationship.<\/p>\n

This past summer, mortgage-backed securities affected by growing default and delinquency rates had high debt ratings despite the backing of loans issued to lenders.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

New York Attorney General Andrew Cuomo is subpoenaing several Wall Street firms, including Deutsche Bank AG, Merrill Lynch & Co, and Bear Stearns, for information about packaging and selling debt connect to high-risk mortgages. Prosecutors want to look at the way investment banks review the quality of mortgages before turning them into packaged products that […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3807,3818,3800],"tags":[],"class_list":["post-4535","post","type-post","status-publish","format-standard","hentry","category-bear-stearns","category-deutsche-bank","category-merrill-lynch"],"yoast_head":"\nBear Stearns And Others Among the Wall Street Firms Subpoenaed | Securities Fraud Attorney<\/title>\n<meta name=\"description\" content=\"New York Attorney General is subpoenaing several Wall Street firms, including Deutsche Bank AG, Merrill Lynch & Co, and Bear Stearns.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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