Flaws found in ‘almost every’ mortgage-bond deal as crash began

By: Jody Shenn Bloomberg News May 22, 2014

Investigators probing mortgage-bond sales in the run-up to the financial crisis are finding improper actions occurred “not only occasionally, but in the end, with almost every” deal examined, a U.S. official said.

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Flaws found in ‘almost every’ mortgage-bond deal as crash began

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