WALL STREET SCANDAL MATCH-UP
Match the e-mail with the scandal!
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Source
"Who's going to put my low
fixings in? heh heh heh."
"This is the most dangerous product
in existence and there can be
nothing more toxic..."
"Of course we didn't dodge the mortgage
mess. We lost money, then made more
than we lost because Of shorts."
"SACK OF [2006-]8...1 hope
your [sic] making a lot of money off
this trade."
"Sorry team. I am not sure what's
in the water at Neuberger Berman.
I'm embarrassed and I apologize."
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Quet. 3;
u.te 4 : r "Nils bey- sterns- c h ou twof-
quote S:
Démos
Angelo Mozilo, Chairman and CEO of
Countrywide, emails underling about
subprime loans. March 27, 2006
Bear Stearns deal manager Nicolas Smith to
Keith Lind, a Managing Director on the
trading desk regarding defective loans sold
to Ambac Assurance Corp, a mortgage
insurer. August 11th, 2006.
Barclay's trader emails another trader asking
them to fix the LIBOR interest rates. 2006.
Goldman trading manager to another on
shorting, or betting against, the housing
market. October II, 2007.
George H. Walker, a member of Lehman
Brother's executive committee,
in response to Lehman's money management
subsidiary that recommended that the
company's top people forgo bonuses to send a
message Of accountability. 2008.
Answers:
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