02-05-2010, 12:26 PM
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Canadian Gashole
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Join Date: Mar 1999
Location: Quebec, Canada,
QC
Cobra Make, Engine: Johnex 427 S/C, 351W, 472 HP, 444 lbs. torque
Posts: 2,455
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Not Ranked
Quote:
Originally Posted by 95CobraR
Did they hold a gun to the institutional investors and make them buy the securitized loans?.
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No but from what I understand, they sure as hell misrepresented what it was that they were selling. They took junk, rolled it in, and packaged it as AAA.
Wayne
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