Did the greedy banksters buy toxic loans loans like you buy a “pig in a poke”?
Not one member of the U.S. Congress define exactly what are in these traunches of toxic loans. You do not know either, do you? It was setup by dumb people in congress who passed laws that enabled mortgage banking originators to process disguised BS as valuable assets. Turned out to be a bag of BS. Now you have it, and the bailouts and stimulus bills, unemployment and depression roll down hill. The greatest swindle, ever in the world. Only have Bernie Madoff so far. No senators, representative, regulators or one banker or loan broker. Nobody is to blame they say except those irresponsible citizens who lost their jobs and cannot make payments. Bamboozled again.