By Henry Dubroff / Friday, September 23rd, 2011 / Columns, Opinion / Comments Off on What did Sheila Bair know about Banco BuenaVentura, and when did she know it?
It might be the understatement of the decade to describe Sheila Bair as a complex creature. The recently retired chair of the Federal Deposit Insurance Corp. was early to spot the evils of sub-prime mortgage lending — she warned about them as a Treasury official in 2002. During the 2008 financial crisis, she famously feuded Read More →
Investors in now defunct Banco BuenaVentura are claiming the bank’s founder and his son defied orders from federal banking regulators and siphoned off investor money to pay for beachside condominiums and charted jet rides before regulators demanded that the bank liquidate in 2009. The allegations emerged in a lawsuit against the onetime Oxnard bank filed Read More →
