21.06.2011 - A reminder of housing market horrors
The feds are suing J.P. Morgan and RBS for $800 million, in connection with the purchases of soured mortgage securities made by now-defunct credit unions. The lawsuits center on the now eye-rollingly familiar complaints from investors far and wide: We bought securities tied to home mortgages we thought were low-risk. They turned out to be super high risk..............................................Full Article: Source
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