http://www.subprimesecuritiesinvestmentlaw.com/ Published by Sub Prime Investment Loss Legal Recovery Team en-us 2008-04-18T09:28:37-06:00 http://www.subprimesecuritiesinvestmentlaw.com/2008/04/more_bad_news_for_mk_high_inco_1.html If you own one of these funds you probably know that Morgan Keegan's High Income and Intermediate Bond Funds crashed and burned in 2007, losing over 50% of their value in a year. The problem began when the value of... Morgan Keegan Bond Funds Brian N. Smiley 2008-04-18T09:28:37-06:00 http://www.subprimesecuritiesinvestmentlaw.com/2008/02/just_another_bad_day_of_the_su.html So how bad is it? Take a look at the “Money and Investing” section of the February 8, 2008 Wall Street Journal. The story “Prosecutors Widen Probes into Subprimes” reveals that criminal or regulatory investigations concerning fraud in the... Effect on Securities Markets Brian N. Smiley 2008-02-19T16:28:03-06:00 http://www.subprimesecuritiesinvestmentlaw.com/2008/02/the_subprime_mess_why_what_the.html “They” are the giants of Wall Street. “They” are the folks who pumped billions of dollars of bonds backed by subprime mortgage obligations into the hands of unsuspecting investors like you. These loans are called subprime because they were made... Brian N. Smiley 2008-02-12T09:31:31-06:00 http://www.subprimesecuritiesinvestmentlaw.com/2008/02/big_brokerage_firms_lose_big_b.html Merrill Lynch reported recently its 2007 statistics. The new boss announced $15 billion in subprime mortgage write-downs and a fourth quarter 2007 loss of $9.91 billion. Citigroup recently made similarly stunning write offs and other major brokerage firms are in... Effect on Securities Markets Kirk Reasonover 2008-02-03T22:12:06-06:00 http://www.subprimesecuritiesinvestmentlaw.com/2008/01/regions_morgan_keegan_funds_su.html In a comparison of bond funds, Regions Morgan Keegan’s Select High Income Fund was cited as one of the worst disasters of 2007, due to its losses from exposure to investments backed by subprime loans. Read the story by the... Kirk Reasonover 2008-01-30T22:04:49-06:00 http://www.subprimesecuritiesinvestmentlaw.com/2008/01/lehman_brothers_sued.html Two New Jersey residents have filed an arbitration claim against Lehman Brothers holdings for $1.14 billion. The claim alleges that the firm placed the investors savings into “investments that have become hard to sell.” The securities held were auction-rate securities,... Effect on Securities Markets Kirk Reasonover 2008-01-18T22:15:52-06:00 http://www.subprimesecuritiesinvestmentlaw.com/2008/01/subprime_debacle_spurns_fed_an.html Fed Chairman Ben S. Bernake appeared before Congress this week to discuss his thoughts on the dwindling US economy, which is still sliding from the subprime debt crisis. The chairman indicated support for a stimulus package, indicating that further Fed... Effect on Securities Markets Kirk Reasonover 2008-01-11T22:14:12-06:00 http://www.subprimesecuritiesinvestmentlaw.com/2008/01/florida_investment_plans_lose.html The recent purchasing patterns in Florida’s pension funds serve to identify a sleazy side of the subprime debacle. In the February 2008 Bloomberg Markets David Evans has discussed some horrid behavior in a pension fund that was once an example... Effect on Securities Markets Kirk Reasonover 2008-01-04T22:20:17-06:00 http://www.subprimesecuritiesinvestmentlaw.com/2007/12/morgan_keegan_mutual_funds_suf.html The year-end performance statistics are in and there are no huge surprises. Equity mutual funds made lackluster gains, and stock funds with mortgage or financial company holdings suffered losses. The worst sectors were financials and mortgage companies. However, some funds... Kirk Reasonover 2007-12-28T21:55:31-06:00 http://www.subprimesecuritiesinvestmentlaw.com/2007/12/morgan_keegan_sued_by_charity.html Early this month Morgan Keegan & Co. settled a lawsuit with the Indiana Children’s Wish Fund. This fund, which tries to help terminally ill children fulfill their last wishes, lost nearly $50,000 investing with Morgan Keegan. The primary culprit was... Regions Morgan Keegan Kirk Reasonover 2007-12-28T21:42:44-06:00