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Who profits? The banks that just issued risky loans, packaged them into CDOs and held onto the risky tranches? (Typical names in that space were WaMu, BofA, Co
by yummyfajitas 12y ago
Who profits? The banks that just issued risky loans, packaged them into CDOs and held onto the risky tranches?
(Typical names in that space were WaMu, BofA, Countrywide and Citi.)
- rcarrigan87 12y agoPrior to the market imploding these guys were making huge sums off commissions selling to mortgages to the "clients."