A sampling from today’s Wall Street Journal of investigations of financial firms over the subprime downturn:
- Brooklyn US Attorney’s office: criminal investigation of Bear Stearns and UBS
- Manhattan US Attorney’s office: requested information on Merrill
- SEC: three dozen probes, including formal ones of Merrill, UBS, others of Bear, Morgan Stanley; review of CitiGroup
- FBI: investigating 14 companies, from mortgage originators to Wall Street, for accounting fraud and insider trading
- NY Attorney General: subpoenaed Bear; Deutsche Bank, Morgan Stanley, Merrill and Lehman
- Massachusetts Secretary of State: suing Merrill over mortgage-backed securities sold to Springfield, Mass; probe of Bear Stearns