Financial Crisis Inquiry Commission (FCIC)
Resources from 2007
Merrill Lynch 2007 Third Quarter Earnings Conference Call Transcript, Sara Furber, Stan O'Neal, Ahmass Fakahany, Greg Fleming, Jeff Edwards, Glenn Schorr, William Tanona, Roger Freeman, Michael L. Mayo, Prashant Bhatia, Michael Hecht, Douglas Sipkin, and Meredith Whitney
PWC Notes of Meeting with Joseph St Denis, Joseph St. Denis and PricewaterhouseCoopers (PWC)
Merrill Lynch Board of Directors Presentation- Leveraged Finance and Mortgage CDO Review, Bank of America Corporation/ Bank of America Merrill Lynch
October 11 Rating Actions Related to 2006 Subprime First-Lien RMBS (Moody's Special Report), Amy Tobey
Fannie Mae Minutes of a Meeting fo the Board of Directors, Robert Levin
Citigroup Presentation to the Board of Directors - Credit and Markets Discussion, Citigroup, Inc.
Citigroup Third Quarter 2007 Earnings Call Transcript, Art Tildesley, Charles Prince, Gary Crittenden, Jason Goldberg, Betsy Graseck, Guy Moszkowski, Glenn Schorr, John McDonald, Ron Mandle, Michael L. Mayo, Meredith Whitney, Jeff Harte, Vivek Juneja, and Diane Merdian
Citi Risk Management Review - Update to Corporate Audit and Risk Management Committee, Citigroup Inc. : Audit and Risk Management Committee: Corporate Audit and Risk Management Committee
Meeting of the Citi Corporate Audit and Risk Management Committee, Michael S. Helfer and Citigroup Inc. : Audit and Risk Management Committee: Corporate Audit and Risk Management Committee
Minutes of a Regular Meeting of the Board of Directors of Citigroup Inc, Michael S. Helfer, Citigroup: Board of Directors, Judith Rodin, Anne M. Mulcahy, Michael Armstrong, Alain J.P. Belda, David Bushnell, Kenneth T. Derr, John Deutch, Roberto Hernandez Ramirez, Andrew Liveris, Richard Parsons, Charles Prince, Franklin A. Thomas, and Robert Rubin
Moody's Downgrades $33.4 billion of 2006 Subprime First-Lien RMBS and Affirms $280 Billion Aaa's and Aa's, Nicholas Weill and Amy Tobey
PWC Notes of a Meeting at AIGFP, Joseph Cassano, Andrew Forster, Pierre Micottis, William Kolbert, Diane Cenci, Mark Balfan, Elias Habayeb, Anthony Valoroso, Ken Lau, Jamie Bolion, Kevin McGinn, and Paul Narayanan
AIG Joseph Cassano email to Andrew Forster et al re SS CDS Valuation, Joseph Cassano
Fannie Mae Memo to the Board from Dan Mudd re Weekly Market Update and Materials, Daniel Mudd
Moodys Email from Yuri Yoshizawa to Managing Directorss re 3Q Mkt Coverage CDOs, Yvonne Fu, Yuri Yoshizawa, Sunil Surana, and Wai Har Lam
SEC Risk Management Review of Consolidated Supervised Entities (October 5, 2007), United States: Securities and Exchange Commission: Office of Prudential Supervision and Risk Analysis (OPSRA)
Citi Cover Email to Chuck Prince Re Q3 Earnings Announcement, Andrew Liveris and Leah C. Johnson
Citi Expects Substantial Decline in Third Quarter Net Income, Citigroup, Inc.
Citi Recorded Call Transcript Prince and Crittenden, Art Tildesley, Charles Prince, and Gary Crittenden
Opportunities and Issues Using HMDA data; Robert Avery, Kenneth Brevoot, and Glenn Canner, Robert Avery, Kenneth Brevoot, and Glenn Canner
SEC Email from Robert E Seabolt to James Giles and Steven Spurry Re bs risk identification points, Robert E. Seabolt and James Giles
OTS Letter to Countrywide re Ratings, Darrel W. Dochow
Bass Testimony before the House Financial Services Committee, Mark Adelson, Kyle Bass, Michael B. Kanef, Joseph Mason, Sean Mathis, Vickie A. Tillman, and Paul E. Kanjorski
Freddie Mac, Four Former Executives Settle SEC Action Relating to Multi-Billion Dollar Accounting Fraud, United States: Securities and Exchange Commission (SEC)
Citi Email from Karen Loewe to Charles Prince Re Six Sigma Question, Karen Loewe and Charles Prince
Merrill Lynch Presentation to the Risk Oversight Committee, Market Risk Management Update, Bank of America Corporation/ Bank of America Merrill Lynch
Countrywide Board of Directors Resolution for OTS- Carlos Garcia, Darrel W. Dochow
Fannie Mae Expand, ERIC DASH
OFHEO Provides Flexibility on Fannie Mae, Freddie Mac Mortgage Portfolios, United States: Office of Federal Housing Enterprise Oversight (OFHEO)
Bear Stearns Board of Directors Minutes, Henry S. Bienen, Carl D. Glickman, Michael Goldstein, Alan C. Greenberg, Donald J. Harrington, Frank T. Nickell, Frederic V. Salerno, Alan D. Schwartz, Vincent Tese, Wesley S. Williams Jr., Sam Molinaro, Jeffrey Mayer, Peter J. Wallison, Kenneth L. Edlow, Jeffrey M. Lipman, Robert Upton, Lawrence Alletto, and Lawrence E. Rogers
Bear Stears Minutes of a Regular Meeting of the Board of Directors, Henry S. Bienen, Carl D. Glickman, Michael Goldstein, Alan C. Greenberg, Donald J. Harrington, Frank T. Nickell, Frederic V. Salerno, Alan D. Schwartz, Vincent Tese, Wesley S. Williams Jr. Jr., Sam Molinaro, Jeffrey Mayer, Peter J. Wallison, Kenneth L. Edlow, Jeffrey M. Lipman, Robert Upton, Lawrence E. Rogers, and Lawrence Alletto
Worldwide Securities Services Risk Review - Directors Risk Policy Committee, JPMorgan Chase & Co.
Citi Presentation CEO Discussion on Global Credit Markets, Citigroup, Inc.
AIG Email from Andrew Forster to Tom Athan re Collateral Summary, Adam Budnick, Tom Athan, and Andrew Forster
Moodys Town Hall Meeting transcript, Raymond McDaniel, Brian Clarkson, Linda Huber, and Jeane Derring
Citi Email from Charles Prince to Robert Rubin Re Maheras and Super Seniors, Charles Prince and Robert Rubin
Citi SIV Critical Decision Defease versus Consolidation, Citigroup, Inc.
Who Owns Residential Credit Risk?, Vikas Shilpiekandula and Olga Gorodetsky
SEC Risk Management Review of Consolidated Supervised Entities (September 5, 2007), United States: Securities and Exchange Commission: Office of Prudential Supervision and Risk Analysis (OPSRA)
For Private Equity Market, All Eyes on First Data, Michael Flaherty and Dena Aubin
Not So Smart (BusinessWeek), Roben Farzad, Matthew Goldstein, and David Henry
Booms and Busts: The Case of Subprime Mortgages, Edward M. Gramlich
Citi Presentation Global Structured Credit Products Development of CDO Market GSCP The Way Forward Michael Raynes, Michael Raynes and Citigroup, Inc.
Fannie Mae Notes to Single Family Conventional Book Characteristics Report, Federal National Mortgage Association (Fannie Mae)
From Illiquidity to Liquidity - The Path Toward Credit Market Normalization, Moody's Investor Service
Moodys Kimball email to Kolchinsky re Servicer Survey and New Grid for CDOs of ABS, Andrew Kimball and Nicholas Weill
Citi Email from David Bushnell to Ellen Duke Re Super senior, David Bushnell and Ellen Duke
Countrywide Mozilo email to Bob Cap cc Sambol, Angelo Mozilo and Bob Cap
Notes on Countrywide's Funding Plan, Countrywide Financial Corporation
Countrywide Mozilo email to Sambol cc Sieracki Bartlett re Ceasing programs that are problematic for the Bank and/or are at high risk, Angelo Mozilo
CNBC Martiromo Mozillo transcript on Bank of America's $2 billion Investment in Countrywide, Problems in the Mortgage Industry and Countrywide's Srategy Going Forward, Angelo Mozilo and Maria Bartiromo
Nightly Business Report - One on One with Angelo Mozilo, Chairman and CEO of Countrywide Financial, Susie Gharib and Angelo Mozilo
Countrywide Loan Program Guide- Non Conforming Programs, Countrywide Financial Corporation
Federal Open Market Committee Statement 8-17-2007, Federal Reserve System: Board of Governors: Federal Open Market Committee (FOMC)
Madelyn Antoncic Presentation, Lehman Brothers Risk Management, Lehman Brothers Holdings Inc. and Madelyn Antoncic
Credit crunch imperils lender Worries grow about Countrywide's ability to borrow -- and even a possible bankruptcy, Scott E. Reckard and Annette Haddad
Fannie Mae 2006 10-K, Federal National Mortgage Association (Fannie Mae)
OTS Directive Letter to Countrywide David Sambol, Darrel W. Dochow
Bear Stearns Email from Paul Friedman to Ben Szwalbenest Matthew Chasin Wayne Buchan and Michael Nierenberg Re Thornburg, Paul Friedman
Bear Stearns Email from Paul Friedman to Wayne Buchan Michael Nierenberg Ben Szwalbenest and Matthew Chasin Re Thornburg, Paul Friedman, Wayne Buchan, and Michael Nierenberg
Bear Stearns Email from Tom Marano to Lisa Anzalone, Tom Marano and Lisa Anzalone
Citi Chuck Prince Letter to Members of the Board re Leveraged Lending and Subprime, Charles Prince
Countrywide Rubin email to Mozilo re Merrill's downgrade of CFC to Sell, Angelo Mozilo, Bill Rubin, and Kenneth Bruce
Fannie Mae Mudd letter to Lockhart, Daniel Mudd
Merrill Lynch Kenneth Bruce Analyst Report on Countrywide -Liquidity Achilles Heel, Kenneth Bruce and Bank of America Corporation/ Bank of America Merrill Lynch
Minutes of a Special Joint Telephonic Meeting of the Boards of Directors of Countrywide Financial Corporation and Countrywide Bank, FSB, Eric Sieracki, Sandor E. Samuels, Anne D. McCallion, Jennifer S. Sandefur, Walter Smiechewicz, Susan E. Bow, and Angelo Mozilo
Bear Stearns Minutes of Regular Meeting of the Operations Committee, Michael Minikes, Edward Almeida, Jeffrey Bernstein, Peter Cherasia, Vincent Dicks, Jeff Farber, Paul Friedman, Bruce Geismar, Rob Janukowicz, Pamela Kimmet, Lou Lebedin, Sam Molinaro, Timothy Murray, and Michael S. Solender
FRB Memo to the Board re Countrywide, Federal Reserve System: Board of Governors: Division of Monetary Affairs
FRB July 2007 Senior Loan Officer Opinion Survey on Bank Lending Practices, Federal Reserve System: Board of Governors: Division of Monetary Affairs
Merrill Lynch Kenneth Bruce Analyst Report on Countrywide- Attractive Upside, Kenneth Bruce and Bank of America Corporation/ Bank of America Merrill Lynch
Countrywide Mozilo email to Bob Cap, Angelo Mozilo and Bob Cap
Email from Goldman Sachsto AIG Re Side Letter Agreement, Goldman Sachs
FHFA Lockhart letter to Mudd, James B. Lockhart
Statement of OFHEO Director James B. Lockhart to Schumer, James B. Lockhart
The Federal Reserve Is Providing Liquidity to Facilitate the Orderly Functioning of Financial Markets, Federal Reserve System
AIG Residential Mortgage Presentation, American International Group, Inc. (AIG)
AIG Second Quarter Earnings Call, 2007, Martin Sullivan, Joseph Cassano, Robert E. Lewis, Andrew Foster, Edmund S.W. Tse, Frank Douglas, Frederick W. Geissinger, Jay S. Wintrob, Nicholas Walsh, William Nutt Jr., Richard Scott, Robert W. Clyde, and Charlene Hamrah
Bloomberg - BNP Paribas Freezes Funds as Loan Losses Roil Markets, Sebastian Boyd
BNP Paribas suspends NAV caculation, BNP Paribas
BNP suspends funds (MarketWatch), Simon Kennedy
AIG Email from Tom Athan to Alan Frost Re Latest on Goldman Sachs, Tom Athan, Andrew Forster, and Alan Frost
AIG Memo from Auditor to AIG Re Notes from conference call with AIGFP regarding collateral calls on Super Senior, PricewaterhouseCoopers (PWC)
Athan Email to Frost re Latest on GS, Tom Athan, Andrew Forster, and Alan Frost
PWC Memo Justin Keane to AIGFP 2007 2Q Review Files re Collateral Calls on Super Senior', Justin Keane
Countrywide 8-K, Countrywide Financial Corporation
Countrywide Board Meeting Minutes, David Sambol, Eric Sieracki, Kevin Bartlett, Sandor E. Samuels, Anne D. McCallion, John McMurray, Susan E. Bow, and Angelo Mozilo
Fannie Mae Notes to Single Family Conventional Acquisition Characteristics Report, Federal National Mortgage Association (Fannie Mae)
Citi Email from Charles Prince to Robert Druskin Re Citi Markets and Banking Revenue Highlights for August 2nd 2007 and July Update, Charles Prince, Robert Druskin, and William H. Kister
Merrill Lynch 2007 Q2 Earnings (10-Q), Merrill Lynch International
SEC Memo Private Equity and Principal Investing Current Market Practice Risk Management and Capital Treatment, United States: Securities and Exchange Commission (SEC)
SEC Risk Management Review of Consolidated Supervised Entities (August 3, 2007), United States: Securities and Exchange Commission: Office of Prudential Supervision and Risk Analysis (OPSRA)
S&P Research Update - Bear Stearns Cos. Inc. Outlook Revised To Negative; 'A+/A-1' Rating Affirmed, Diane Hinton, Scott Sprinzen, Tanya Azarchs, and Standard & Poor's Financial Services LLC
AIG Email from Andrew Forster to Joseph Cassano and Pierre Micottis Re Goldman Sachs Collateral, Andrew Forster
Fannie Mae 2006 Draft 10-K, Federal National Mortgage Association (Fannie Mae)
The Street, Countrywide Defends Liquidity, Mark DeCambre
AIG Email from Andrew Forster to Alan Frost regarding Goldman Sachs, Alan Frost and Andrew Forster
AIG Email from Athan regarding HALO call, Tom Athan
Bear Stearns Fitch Presentation, Bear Stearns Companies, Inc.
Counrtywide Mozilo Email Chain, Angelo Mozilo and Lyle E. Gramley