Sashkinw As we awaited further clarification in the direction of interest rates, Friday, July 12th began like any other ordinary market day. Not much was happening, but then, at 11:13 CST, Bloomberg released a report that Arbor Realty (ABR) was being investigated by the DOJ over lending practices and accounting elections within its loan book. We had only limited exposure to ABR common stock, but as active fixed income investors we had more meaningful ownership of all three preferred issues; Arbor Realty ...