NY Attorney General trying to make case that Risky subprime we're being sold knowing their value would collapse

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Greed is not always good. And clearly these folks we're acting purely on
greed without considerations to the fallout.

From DS News



<http://dsnews.us1.list-manage.com/track/click?u=59816bad6939d5a7dd87e45a5&i
d=d43a14fd04&e=ebe71b748c> New York AG Looks to Link Financial Crisis and
Mortgage Securities


Industry analysts, economists, even lawmakers generally concede that the
pooling of risky subprime mortgages into secondary market securities fueled
the economic collapse that almost brought the nation's financial system to
its knees. But New York Attorney General Eric Schneiderman is looking for
proof that major financial institutions were hocking these dicey
mortgage-backed securities during the days leading up to the collapse of the
housing market, knowing that these transactions would result in billions of
dollars in mortgage losses.
<http://dsnews.us1.list-manage.com/track/click?u=59816bad6939d5a7dd87e45a5&i
d=c56dedc874&e=ebe71b748c> > Read More

-sunil


SUNIL SETHI REAL ESTATE

Sunil Sethi / Broker, President, REALTOR, MBA, CPA (inactive)
38750 Paseo Padre Pkwy Suite B3 / Fremont, CA 94536
Cell 510 388 2436 / Fax 510 431 9046
<http://www.sunilsethi.com/> www.sunilsethi.com

CA DRE#: 01173766

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