TV News LIES

Monday, Sep 01st

Last update06:11:50 AM GMT

You are here News Economy As mortgages went bad, New Century executives cashed out

As mortgages went bad, New Century executives cashed out

E-mail Print PDF

While the Irvine subprime lender was failing, key executives continually changed their stock trading plans and often sold within days of colleagues' trades, a Times investigation shows.

No charges have been filed, and attorneys for the company's former top executives say that none of the executives sold stock based on information that had not been disclosed to the public and that the executives retained most of their shares when the company went under.

More...


Most Recent Related Stories...


The Cyber-Terror Bank Bailout: They're Already Talking About It, and You May Be on the Hook

Mary GalliganBankers and U.S. officials have warned that cyber-terrorists will try to wreck the financial system’s computer...

BofA in $16.5 billion deal with U.S. over mortgage bonds

Bank of AmericaBank of America Corp is expected to pay more than $16.5 billion to end investigations into...

Goldman Sachs agrees to $1.2bn settlement over mortgage bonds

Goldman SachsGoldman Sachs has agreed to a settlement worth $1.2bn (£723m) to resolve a US regulator's claims...

Labor sharks sink teeth into low-wage immigrant workers

Wage theftWhen Ophelia Hernández, a 53-year-old clothing store owner from El Salvador, got working papers to come...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!