Banks' Self-Dealing Super-Charged Financial Crisis

Jake Bernstein and Jesse Eisinger, ProPublica: "Over the last two years of the housing bubble, Wall Street bankers perpetrated one of the greatest episodes of self-dealing in financial history. ... Faced with increasing difficulty in selling the mortgage-backed securities that had been among their most lucrative products, the banks hit on a solution that preserved their quarterly earnings and huge bonuses: They created fake demand."

http://www.truth-out.org/banks-self-dealing-super-charged-financial-crisis62749



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