Post-bailout, profits picked up much more quickly for big banks than for most other businesses. One group that didn’t fare so well: investors who bought the bonds that banks had put together out of what turned out to be bad mortgages. As evidence emerges that banks didn’t properly vet those mortgages before selling them, angry investors (and companies that insured bond issues that ended up going south) have started filing big-time lawsuits.
Banks Bombed in Bond Battle
All liability estimates per Compass Point Research & Trading.
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