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The New DU. Reply #3: This could be big.
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Lasher
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Wed Mar-18-09 01:38 AM
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Most of the time the banks were able to "...recoup losses by selling loans or the collateral properties...". How about all those cases where these toxic assets were sold by banks to investment firms (hedge funds, etc) who in turn bundled them and sold them to investors (pension funds, etc)? Will the victimized pension fund managers file racketeering lawsuits against involved mortgage brokers and perhaps hedge fund managers?
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