Government investigations into mortgage crisis intensify

12/27/2007 | Washington Post (tiered subscription model), The

Officials with the Justice Department, the Securities and Exchange Commission and the New York attorney general's office are looking to see if banks bundled risky loans with good ones without properly disclosing such risk to investors. However, some say they believe such government action is not needed. "Just because you have a business reversal doesn't mean there's a basis for a government investigation," said Robert J. Giuffra Jr., a New York securities defense lawyer.

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