Mr Cooper Group Inc (COOP)

[fsshon]

Thanks Everyone.. It is nice to be home. I missed all of ya, some of you I was communicating through private messaging. I am happy to be back, now let's get to work.. Anyone know how to get ahold of a 4-part Mcclatchy Newspaper article for Nov.. Mentioned in this article.

A spokeswoman for the Senate subcommittee declined to comment on the investigation, which was spawned by a four-part McClatchy series published in November that detailed the Wall Street firm's role in the debacle, which stemmed from subprime loans to millions of marginally qualified borrowers.

The subcommittee, part of the Homeland Security and Governmental Affairs Committee , is led by veteran Democratic Sen. Carl Levin of Michigan , who said last year that his panel was "looking into some of the causes and consequences of the financial crisis."

The panel has a history of conducting formal, highly secretive investigations in which it typically issues subpoenas for documents and witnesses, produces extensive reports and sometimes refers evidence to the Justice Department for possible criminal prosecution.

It couldn't immediately be learned whether the panel has subpoenaed Goldman executives or company records. However, the subcommittee has issued at least one major subpoena seeking records related to Seattle -based Washington Mutual , which collapsed in September 2008 after being swamped by losses from its subprime lending. J.P. Morgan Chase then purchased WaMu's banking assets.
Goldman was the only major Wall Street firm to safely exit the subprime mortgage market. McClatchy reported, however, that Goldman sold off more than $40 billion in securities backed by over 200,000 risky home loans in 2006 and 2007 without telling investors of its secret bets on a sharp housing downturn, prompting some experts to question whether it had crossed legal lines.. UH-OH!!!

http://news.yahoo.com/s/mcclatchy/20100123/pl_mcclatchy/3407767_1

~Fish~