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Loan Modification

: Loan Modification & Home Loan News

Wall Street firms created securities and sold them to one set of investors, while advising others to bet against them

By Moe Bedard

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Federal probes of the collapsed mortgage-bond boom are shedding light on how Wall Street firms sometimes created securities and sold them to one set of investors, while advising others to bet against them. One firm that was a major player in mortgage securities, Deutsche Bank AG, illustrates a pattern investigators are looking at. While creating [...]

Full post as published by Loan Modification & Home Loan News on August 03, 2010 (boomark / email).

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