Anyone hear anything about Spitzer issuing subpoenas

[malaise]

for persons involved in the housing mess. I'm listening to ABC radio in OZ and just heard that. Can't find a link on google.

[Sanity Claws]

1. Spitzer is now Governor - not in a position to issue subpoenas

Subpoenas would be issued by the state attorney general, Cuomo

[malaise]

2. I was wondering about that

searching for a link from OZ

[Nite Owl]

3. Cuomo not Spitzer

He's the AG now. He issued subpoenas today. Freddie and Fannie and some WAMU.



http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aW7BtSx1ybH4


New York Attorney General Andrew Cuomo subpoenaed Fannie Mae and Freddie Mac as he expanded his investigation into ``widespread'' collusion between real estate appraisers and lenders including Washington Mutual Inc.

Cuomo is seeking information on whether home loans purchased by Fannie Mae and Freddie Mac, the two biggest investors in U.S. mortgages, were based on tainted property appraisals. Investment banks were also subpoenaed, he said, declining to name them.

[malaise]

4. Just saw this on BBC

http://news.bbc.co.uk/1/hi/business/7084462.stm
<snip>
Morgan Stanley, the second-biggest investment bank in the US, said its $3.7bn loss from exposure to sub-prime mortgages was expected to cut its fourth-quarter profits by about $2.5bn.

The bank also said that it could lose up to $6bn if all of its sub-prime mortgage-related investments went bad.

Morgan Stanley had already announced in September that it had written down $940m of losses, caused by problems in trading mortgages and corporate loans.

The other company with bad news was Washington Mutual, which is one of the country's biggest lenders.

Its shares fell 17% after the New York Attorney General Andrew Cuomo said his office was looking into whether the firm put pressure on title insurers to inflate the values they put on properties, so that borrowers would be able to obtain mortgages they could not otherwise afford.
------
ABC OZ did say Spitzer.
Is that article posted by truthSleuth credible?


http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x2234492