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View Diary: NY Atty. Gen. Schneiderman LOVES Today's Mortgage Fraud Deal. UPDATED x3 Liz Warren Likes it Too! (261 comments)

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  •  This wasn't driven by investment banking (0+ / 0-)

    though--it was fixed income/structured credit deals.

    Wall Street was plenty guilty of many sins.  But the people/investment advisors who sought and/or demanded 7% annual returns on supposedly AAA investments played a part.  Certainly no responsible pension fund should have been buying RMBS CDO equity tranches, but some did.

    "[R]ather high-minded, if not a bit self-referential"--The Washington Post.

    by Geekesque on Fri Feb 10, 2012 at 08:22:16 PM PST

    [ Parent ]

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