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The American Empire in a Changing World



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Friday, May 4, 2012

''Bank Loan Bundling Investigated by Biden-Schneiderman''

From Bloomberg

''The states are pursuing allegations that some home loans weren’t correctly transferred into securitizations, undermining investors’ stakes in the mortgages, according to two people with knowledge of the probes. They’re also concerned about improper foreclosures on homeowners as result, said the people, who declined to be identified because they weren’t authorized to speak publicly.''

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