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A new congressional report questions whether mortgage securitization flaws created extra...
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Tuesday, November 16, 2010, 8:40 AM ETA new congressional report questions whether mortgage securitization flaws created extra liabilities for major banks. In a bleak worst-case scenario, judges could block foreclosure, the housing market could face wide-scale disruptions, and banks would be on the hook for billions of dollars in losses. (see also)
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This news story has 6 comments:
But of course it's congress doing the questioning so don't hold your breath.
Calm down.
...FED awaiting more bad news prior to QE3.