Goldman Sachs, Citigroup Sued Over Subprime Loans
by Bloomberg Business Week July 12 (Bloomberg) — Goldman Sachs Group Inc., Citigroup Inc., Morgan Stanley and dozens more bank and brokerages were sued by a Boston area-based fund seeking reimbursement for losses related to subprime loans. Cambridge Place Investment Management Inc., founded by...
CA Communities re-victimized by bank practices
Lending institutions that practiced predatory lending in California communities in Los Angeles, Oakland, Sacramento, San Diego and Stockton with high cost subprime loans are failing to prevent foreclosures in those communities. The California Reinvestment Coalitions new report reveals that there is a...