atans1

Another reason not to buy a structured product

In Banks, Financial competency on 13/02/2012 at 7:13 am

(Or “Another reason not to trust yr bank”)

“Exactly how did Wall Street price the loans that it bundled into securities and sold to investors?”

Answer: There is evidence that “prices on some of the loans … were artificially inflated at the time of purchase”.

http://www.nytimes.com/2012/02/05/business/an-investment-wipeout-that-didnt-have-to-happen.html?_r=1&ref=business&nl=business&emc=dlbka35

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