Wall Street Banks, Goldman Sachs, Bank of America, and Morgan Stanley, subpoenaed
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The Takeaway
Photo of a Wall Street street sign (Image by Wikimedia user Agamitsudo (cc:by-sa))
The New York Attorney General Eric Schneiderman has subpoenaed major Wall Street banks on the way they packaged mortgage-backed securities.
Some of the biggest banks on Wall Street -- Goldman Sachs, Bank of America, and Morgan Stanley -- will have to explain the way they packaged mortgage-backed securities, again. New York Attorney General Eric Schneiderman is looking for financial malfeasance.
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