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

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)
Comments (6)
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    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
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    "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
  • User 489326
    , contributor
    Comments (272) | Send Message
     
    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
  • A Newell
    , contributor
    Comments (481) | Send Message
     
    The sky is falling!
    16 Nov 2010, 11:46 AM Reply Like
  • doubleguns
    , contributor
    Comments (7887) | Send Message
     
    Your late...it fell.
    16 Nov 2010, 12:13 PM Reply Like
  • po folks
    , contributor
    Comments (80) | Send Message
     
    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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