Wall Street Scandal Match-Up

WALL STREET $CANDAL MATCH-UP Match the e-mail with the scandal! "Who's going to put my low fixings in? heh heh heh." Angelo Mozilo, Chairman and CEO of Countrywide, emails underling about subprime loans. March 27, 2006 "This is the most dangerous product B 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. 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." C. Barclay's trader emails another trader asking them to fix the LIBOR interest rates. 2006. "SACK OF S*** [2006-]8...I hope your [sic] making a lot of money off this trade." Goldman trading manager to another on shorting, or betting against, the housing market. October 11, 2007. "Sorry team. am not sure what's in the water at Neuberger Berman. I'm embarrassed and I apologize." 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: Sources Quote 1: hetp://www.thedailybeast.com/newsweek/2012/07/08/nial-ferguson-how-barclays-bank-lost-its-head.html Quote 2: http://getoutofdebt.org/35136/countrywide-emaik-predicted-early-r Quote 3: http://www.nytimes.com/2010/04/25/business/25goldman.html? pagewanted-all Quote 4: httpc//www.theatlantic.com/businesslarchive/2011/01/e-mails-suggest-bear-steerns-cheated-clents-out-of-billions/70128/ Quote 5: http://www.manbe.msn.com/id/27047714lns/business stocks and_economy y-mortgage-collapse-borrowers-set-up-for-foreclosure 1-C, 2-A, 3-D, 4-B, 5-E Dēmos www.demos.org WALL STREET $CANDAL MATCH-UP Match the e-mail with the scandal! "Who's going to put my low fixings in? heh heh heh." Angelo Mozilo, Chairman and CEO of Countrywide, emails underling about subprime loans. March 27, 2006 "This is the most dangerous product B 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. 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." C. Barclay's trader emails another trader asking them to fix the LIBOR interest rates. 2006. "SACK OF S*** [2006-]8...I hope your [sic] making a lot of money off this trade." Goldman trading manager to another on shorting, or betting against, the housing market. October 11, 2007. "Sorry team. am not sure what's in the water at Neuberger Berman. I'm embarrassed and I apologize." 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: Sources Quote 1: hetp://www.thedailybeast.com/newsweek/2012/07/08/nial-ferguson-how-barclays-bank-lost-its-head.html Quote 2: http://getoutofdebt.org/35136/countrywide-emaik-predicted-early-r Quote 3: http://www.nytimes.com/2010/04/25/business/25goldman.html? pagewanted-all Quote 4: httpc//www.theatlantic.com/businesslarchive/2011/01/e-mails-suggest-bear-steerns-cheated-clents-out-of-billions/70128/ Quote 5: http://www.manbe.msn.com/id/27047714lns/business stocks and_economy y-mortgage-collapse-borrowers-set-up-for-foreclosure 1-C, 2-A, 3-D, 4-B, 5-E Dēmos www.demos.org