2013-09-24reuters.com

``"We continue to pursue accountability and recovery in the wake of billions of dollars in sales of faulty securities that led to the collapse of several corporate credit unions and handed the industry the costly bill of paying for the losses," NCUA Board Chairman Debbie Matz said.

Southwest and Members United corporate credit unions paid more than $416 million for the securities in question in the Morgan Stanley suit and more than $1.9 billion for securities sold by the other defendants.''


Lijit Search

Comments: Be the first to add a comment

add a comment | go to forum thread