Subprime execs cashed out in bad times

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William Heisel investigated stock trading patterns of executives at Irvine’s New Century Financial Corp., a subprime lender now subject of a Dept. of Justice investigation. His report appears in today’s Times.

A couple of commenters also asked why two stories in the Times --Scott Reckard’s piece on prime defaults and reporting on the latest Case-Shiller numbers-- were not linked in the blog. We presumed those viewing the L.A. Land blog would also be reading the Times Website, but for those who may want to comment on prime defaults and Case-Shiller, they are now duly linked.

--Peter Y. Hong