Inquiry Reveals How Mortgage System Set Buyers Up to Fail

Updated

While the world's attention was riveted on the spectacle of Wall Street leaders like Lloyd Blankfein and Jamie Dimon dodging questions about why exactly they didn't bother to tell investors about the many risks attached to the mortgage-backed securities and derivatives they sold, the congressional Financial Crisis Inquiry Commission also swore in some witnesses who had plenty to share about how the crisis came to be.

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