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Their securitization business, whereby they purchase mortgages and issue securities against them, should likewise be wound down.
Mr. Cuomo's office has filed civil fraud charges related to auction-rate securities against UBS, the big Swiss bank.
But the plaintiffs argue the bank didn't inform shareholders that it had guaranteed the securities against any losses, according to court documents.
Banks and other financial institutions pooled those asset-backed securities into new units, dividing them up again and issuing securities against them, creating collateralized debt obligations.
This would allow banks to net off their purchases of securities against their sales, and thus to reduce the capital they have to set aside against their trading activities.
Consider the most recent complaint filed by the Assured Guaranty Corporation, an insurer of mortgage securities, against Bear Stearns, the defunct brokerage firm; EMC, Bear's mortgage origination and servicing unit; and JPMorgan Chase, which bought Bear in March 2008.
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(c) Cryptographic security: no secure against chosen plaintext attack.
a right of personal security against arbitrary intrusions...
Settlement involves the exchange of consideration: security against payment.
This motion coordination is a cooperative behavior for security against invaders in surveillance areas.
Although safety and security against disasters are not new, they still presuming a challenge.
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