How exotic mortgages became time bombs – Atlanta Journal Constitution
May 30, 2009 by admin
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How exotic mortgages became time bombs
Atlanta Journal Constitution, USA By Carrie Teegardin, John Perry Four years ago, when subprime mortgage loans were hot commodities, investors enthusiastically bought pieces of a pool of 5500 mortgages that covered $984 million in homeowner debt. At the time, the Bear Stearns Asset … |
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