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Tuesday, September 8, 2015
Liar Loans Redux: They're Back and Sneaking Into AAA Rated Bonds
Bloomberg Liar Loans Redux: They're Back and Sneaking Into AAA Rated Bonds Bloomberg The pitch arrived with an iconic image of the American Dream: a neat house with a white picket fence. But behind that picture of a $2.95 million home in Manhattan Beach, California, were hints of something darker: liar loans, those toxic mortgages of ......(read more)
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