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Loan Modification

: Mortgage Lender Implode-o-Meter

Citi And Deutsche Subpoenaed Over CDO Sales

By Implode-Explode Heavy Industries

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"Gasparino has broken news which everyone knew was pending, namely that Deutsche Bank's Greg "I am short your house" Lippmann, who abruptly left the firm a few days after the SEC complaing against Goldman was made public, is about to get the probe. In other words, the toxic CDO sale probe is escalating, and the latest lucky contestants are Citi and Deutsche Bank, which according to Fox Biz' Charlie Gasparino have been subpoenaed for further documentation after a preliminary investigation left far too many questions open."

Full post as published by Mortgage Lender Implode-o-Meter on May 12, 2010 (boomark / email).

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