News Sources wrote an interesting post today on
Here’s a quick excerpt
This may seem completely unbelievable, but banks are getting back into the business of selling pure junk. Bloomberg news service is reporting that in recent weeks, banks have been “taking so-called structured finance securities and turning them into new debt investments with top credit ratings.” And now, Morgan Stanley is getting set to revive the scam — there’s no other word for it — that triggered last year’s financial meltdown: repackaging shoddy mortgage loans as AAA-rated bonds. That’s

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This entry was posted on Thursday, July 9th, 2009 at 3:38 pm and is filed under Mortgage Loan News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.