.
Now that millions of people are facing foreclosure because they got into loans that never should have been approved, everybody's looking for someone to blame. Borrowers, or their brokers, lied on loan applications. Others got high interest rates they couldn't afford.
A big unanswered question is whether the Wall Street investment banks that were packaging these mortgages knew they were selling garbage loans to investors. A wave of litigation is starting against these firms. One former worker whose job was to catch bad loans says her supervisors covered them up....
Seattle Bubble Forum Archive
Archived forums. Find the live forum at SeattleBubble.com/blog/forum/
NOTE - This page is a static archive. Visit the current Seattle Bubble forums at SeattleBubble.com/blog/forum/
Cover Up by Investment Bankers; Shocking Story
Moderators: synthetik, The Tim, Lake Hills Renter
2 posts
• Page 1 of 1
Cover Up by Investment Bankers; Shocking Story
by TJ_98370 » Tue May 27, 2008 9:10 am
- TJ_98370
- Bubble Banter Boss
- Posts: 844
- Joined: Mon Feb 26, 2007 8:40 am
- Location: Poulsbo
Taking the blue pill now.
by siddha99 » Mon Jul 21, 2008 10:25 pm
Taking the blue pill now.
Last edited by siddha99 on Wed Jul 23, 2008 7:28 pm, edited 1 time in total.
- siddha99
- Bubble Watcher
- Posts: 33
- Joined: Mon Apr 28, 2008 1:49 am
2 posts
• Page 1 of 1
Who is online
Users browsing this forum: No registered users and 14 guests