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New Proof Wall Street Knew Its Mortgage Securities Were Subpar: Clayton Execs Testify

09-26-2010 • Huffington Post

During a little-noticed hearing a firm hired by Wall Street to analyze mortgages given to borrowers with poor credit, which were then packaged and sold to investors during the boom years, revealed 28% of those loans failed to meet basic underwriting

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New Proof Wall Street Knew Its Mortgage Securities Were Subpar: Clayton Execs Testify

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