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Feds investigating possible fraud at GE’s former subprime unit

By Michael Hudson and E. Scott Reckard

Federal investigators looking into possible fraud at GE's now-closed subprime lender

Excerpts from this story referencing "New Century":

"… ury Department. The company was second only to now-defunct subprime lender New Century Financial Corp. of Irvine, Calif.For instance, the Treasury report said WM …"

"… risk home lenders in Southern California that melted down — Countrywide, New Century and IndyMac Bancorp — without finding clear evidence that top executives …"