The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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From: Giordano Bruno	12/2/2010 6:40:00 AM
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(Reuters) - U.S. securities regulators are in preliminary talks with several banks to resolve probes involving sales of complex mortgage bond deals that led to the financial crisis, the Wall Street Journal said, citing people familiar with the matter. The investigation by the U.S. Securities and Exchange Commission (SEC) involves mortgages and other loans known as collateralized debt obligations, or CDOs, that were sold to different investors, the paper said. Complex mortgage derivative products like CDOs packaged and sold by Wall Street banks were widely blamed for causing the financial crisis more than two years ago. Settling the allegations with the SEC would resolve one of the biggest legal threats clouding the big banks, according to the Journal. reuters.com youtube.com

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