Investment banks packaged all those riskest mortgage backed securities and labelled them as minibonds and notes and sell them to unsuspecting investors in Singapore, HK, etc. Do you think they don't benefit at the expense of their clients, investors or US taxpayers?
Investment banks packaged all those riskest mortgage backed securities and labelled them as minibonds and notes and sell them to unsuspecting investors in Singapore, HK, etc. Do you think they don't benefit at the expense of their clients, investors or US taxpayers?
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