Thread: Wall Street and where your money went
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Old 02-05-2010, 12:26 PM
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Wayne Maybury Wayne Maybury is offline
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Quote:
Originally Posted by 95CobraR View Post
Did they hold a gun to the institutional investors and make them buy the securitized loans?.
No but from what I understand, they sure as hell misrepresented what it was that they were selling. They took junk, rolled it in, and packaged it as AAA.

Wayne
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