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Alex Berenson —
born on January 06, 1973,
Alex Berenson is a former reporter for The New York Times and the author of several thriller novels and a book on corporate financial filings... (wikipedia)
Like many other banks and finance companies, Green Tree used a process called securitization to resell its home loans to outside investors. Green Tree grouped thousands of these small loans into a pool worth hundreds of millions of dollars.
Insider trading is hard to prove. To be convicted, a person must have bought or sold a stock based on material information that is both unknown to the general public and likely to have had an important effect on a company's stock price.
Equity is the cushion that protects financial institutions from unexpected changes in the value of their assets. The greater the leverage, the smaller the losses required to wipe out a company's equity, leaving it without enough money to repay the people who hold its debt.
If only the human body could handle trauma as well as biotechnology stocks do.
Accounting rules give financial institutions flexibility about when they choose to recognize venture capital profits.