‘Toxic’ Securities Turn Lucrative for Banks

Posted by on February 17, 2011 Leave a comment (0) Go to comments

Investment banks and hedge funds are once again making money from a sector that was defunct only 18 months ago: U.S. mortgage-backed securities, the loan products that spread the credit crunch throughout the world.

Related posts:

  1. Did Bear Stearns Know Its Mortgage Securities Were a House of Cards?
  2. Bear Stearns Mortgage-Backed Securities Were a House of Cards, Lawsuits Allege
  3. Allstate Sues Bank of America, Countrywide Over Mortgage-Backed Securities
  4. Goldman Sachs Hit With Class-Action Suit Over Mortgage-Backed Securities
  5. Allstate sues Countrywide, Bank of America over $700M in toxic investments
European economy

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