http://www.nakedcapitalism.com/2008/02/ubs-under-investigation-for-mortgage.html Mon, 23 Nov 2009 10:17:20 -0500 http://wordpress.org/?v=2.8.4 hourly 1 http://www.nakedcapitalism.com/2008/02/ubs-under-investigation-for-mortgage.html#comment-3643 Anonymous Sat, 02 Feb 2008 14:16:00 +0000 http://www.nakedcapitalism.com/2008/02/ubs-under-investigation-for-mortgage-bond-valuations/#comment-3643 I would like to see what they find in their discovery, especially any emails leading to the insurance regulators of the monolines, such as Dinallo's office in New York. It seems to me that thereis collusion among those regulators, the banks, the rating agencies and the monolines, violating the disclosure rules of the SEC, thereby harming investors to the tune of billions. Right now, I imagine Dinallo is telling people to hold off disclosing more losses, because we may have a deal soon. If correct, this line of reasoning violates numerous laws. Hopefully, someone has the guts to follow the trail and hold all of those parties, including the regulators, accountable. There has been inadequate disclosure in this area for a long time, and that is still the fundamental issue that has led to the problem. I would like to see what they find in their discovery, especially any emails leading to the insurance regulators of the monolines, such as Dinallo’s office in New York. It seems to me that thereis collusion among those regulators, the banks, the rating agencies and the monolines, violating the disclosure rules of the SEC, thereby harming investors to the tune of billions. Right now, I imagine Dinallo is telling people to hold off disclosing more losses, because we may have a deal soon. If correct, this line of reasoning violates numerous laws. Hopefully, someone has the guts to follow the trail and hold all of those parties, including the regulators, accountable. There has been inadequate disclosure in this area for a long time, and that is still the fundamental issue that has led to the problem.

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