Investors liable, say what?

Another reason why the government shouldn’t over reach on this issue. Making mortgage securities investors liable on predatory lending is like making Nike shareholders liable for sweatshop labor in Indonesia. How does this help?

Bill could hold MBS investors liable for deceptive loans: “Barney Frank and Spencer Bachus, leaders of the House Financial Services Committee, are reportedly in agreement on the need for legislation that would hold Wall Street investors who purchase mortgage-backed securities liable for predatory loans.”

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