What Do Bank of America And The Federal Home Loan Banks Have In Common? A Lawsuit & PwC
Have you been following the trials and tribulations of Bank of America and their auditor, PricewaterhouseCoopers, LLP?
I have.
Posts
McKenna Quoted in American Banker re: Second-Lien Mortgages
/2 Comments/in Fair Value, Regulators, Laws, Standards, Regulations, SEC, Subprime, You Can Quote Me On ThatI was quoted on May 2 in an article in American Banker by Alex Ulam entitled, “Why Second-Lien Loans Remain A Worry”. My quote focused on disclosures and transparency – for the loans and the reserves for losses. It’s a subject I’ve written about extensively.
Repurchase Risk (Put-Back) Getting Full Court Press At CNBC
/8 Comments/in KPMG, The Case Against The AuditorsJohn Carney at CNBC NetNet is talking a lot about repurchase risk. He’s tied it all together in a bow for us, mentions Citigroup and Bank of America, and has given me credit for having been on KPMG’s case for a while.