According to the good folks at businessinsider, in the motion the insurance giant MBIA just filed against Credit Suisse (dated April 29, filed today), there's an interesting conversation between a handful of Credit Suisse bankers.
The subject of the emails: Why did we give a $1 million loan to a stripper? The conversation begins on April 10, 2007, when Credit Suisse's Jeffrey Martin realizes that the stripper's first payment, due 2/1/07, hasn't been paid.
In the same motion, MBIA says that "Credit Suisse is now the subject of an investigation by the SEC, which issued a subpoena this week seeking the same types of documents as MBIA seeks with this motion."
Read more at: .
http://www.businessinsider.com/credit-suisse-sec-subpoena-1-million-loan-stripper-never-paid-emails-jail-fraud-2011
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