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News for Norther Colorado and the world

Thursday, July 10, 2014

Posts Tagged ‘CDO’

Did Magnetar create the mortgage crisis?

Did Magnetar create the mortgage crisis?

Intro by Gary Wamsley Mortgage bankers recently testified before the US Congress that no one saw the impending crisis in sub-prime mortgages and the financial crisis that ensued. That is pretty hard to believe. Either the top financial experts in this country are incredibly stupid or they are lying. Take your pick. There were people who saw it coming, and perhaps even created the crisis and made hundreds of millions of dollars at what turns out to be taxpayer expense. Two reporters for ... Full Story

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