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Countrywide Admits to Not Conveying Notes to Mortgage Securitization Trusts

11-21-2010 • NakedCapitalism.com/

As one hedge fund investor noted, “Whenever we’ve gotten into situations on the short side, no matter how bad we think it is, it always proven to be worse.” The mortgage securitization mess looks to be adhering to this script.

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Countrywide Admits to Not Conveying Notes to Mortgage Securitization Trusts

FreedomsPhoenix.com