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A new congressional report questions whether mortgage securitization flaws created extra...

  • Tuesday, November 16, 2010, 8:40 AM ET
    A 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:

  • My question is will it get rid of the TBTF banks... finally!

    But of course it's congress doing the questioning so don't hold your breath.
    16 Nov 2010, 08:42 AM Reply Like
  • "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..."

    Calm down.
    16 Nov 2010, 08:45 AM Reply Like
  • The Republicans will not let it happen. They will protect the banks at all costs. We've got a presidential election coming up in 2 years and the Republicans will need lots of campaign contributions ............ Democrats too!
    16 Nov 2010, 09:13 AM Reply Like
  • The sky is falling!
    16 Nov 2010, 11:46 AM Reply Like
  • Your late...it fell.
    16 Nov 2010, 12:13 PM Reply Like
  • Can't everyone see that QE2 simply reliquifies the banks. This one's already handled, without even a speck of hyperinflation or currency collapse. (Thanks, Mr. and Mrs. Taxpayer!)

    ...FED awaiting more bad news prior to QE3.
    16 Nov 2010, 01:39 PM Reply Like
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