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Investigators Ask: Did Banks Withhold Info?

Banks hid risk of bundled 'exception' loans, insiders say

By Jim O'Neill, Newser User

Posted Jan 12, 2008 4:35 PM CST

(Newser) – Prosecutors are probing Wall Street banks to see if they ever revealed the risky nature of certain subprime mortgage investments, the New York Times reports. Industry experts are accusing the banks of turning high-risk loans, called exceptions, into investments without divulging details to investors and... Read full story »

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Investigators Ask: Did Banks Withhold Info?

Banks hid risk of bundled 'exception' loans, insiders say

Wall Street • subprime mortgages • Andrew Cuomo • home loans • subprime crisis • New York attorney general

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