‘As Bloomberg reports
this morning, some of the nation’s largest banks have actually bought
more risky home loans instead of getting them off their balance sheets.
In other words, the
program that was supposed to help banks dispose of these toxic assets
instead made those assets so marketable that banks bought more — and
are now at even greater risk. The banks apparently decided that the
government’s entry into the mortgage security market was simply a
guaranteed money-making opportunity.’
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