Investors profiting from — and fixing — the financial crisis
Thursday, March 12, 2009 : PermalinkNewsday – The latest development in the mortgage market fomenting outrage in the streets and condemnation across the media spectrum is the spectacle of rich investors — Wall Street traders, hedge fund operators, even former executives of the detested Countrywide Financial Corp. — buying up delinquent home loans, reworking terms for borrowers, and selling them off to new investors at a handsome profit.
Tags: borrowers, condemnation, countrywide financial, countrywide-financial-corp, handsome profit, home-loans, media spectrum, mortgage-market, newsday, outrage, rich investors, spectacle, wall street, wall street traders
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