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I am aware of lot of losses that went back to the originating bank because of inaccurate marketing material.
by cm2187 7y ago
I am aware of lot of losses that went back to the originating bank because of inaccurate marketing material.
- toomuchtodo 7y agoYeah, no disagreement that putbacks occurred, but those perpetrating the fraud aren't being held personally responsible. It's a slap on the wrist for the bank, cost of doing business. Call me when they're doing perp walks and handing out Maddof length sentences. Those are incentives to not violate securities law.