From what I'm hearing, Congress mandated they take a bunch of bad loans. And
some public action groups were protesting and making their lives miserable.
It's not a pretty picture.
--
Christopher A. Young
Learn more about Jesus
www.lds.org
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wrote in message
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If everyone at these institutions knew so much, why did they get stuck
holding the sub-prime loans. For example, if they knew the loans
were going to go into default, Lehman Bros and Bear Stearns could have
sold them all off to less sophisticated buyers.