Banks Revive Risky Loans and Mortgages – NYTimes.com

19 Apr

Boys and their toys:

The alchemists of Wall Street are at it again.

The banks that created risky amalgams of mortgages and loans during the boom — the kind that went so wrong during the bust — are busily reviving the same types of investments that many thought were gone for good. Once more, arcane-sounding financial products like collateralized debt obligations are being minted on Wall Street.

via Banks Revive Risky Loans and Mortgages – NYTimes.com.

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