yes, they did that....but other bankers bought it....and that was a reaction to forced sub prime mortgages...
>>but other bankers bought it.
Bankers and institutional investors looking for a high return.
>>forced sub prime mortgages...
Bullshyte. There are a plethora of local community banks and credit unions who never waded into the sub-prime sewer.
Who “forced” preditory Argent Mortgage/Ameriquest to manufacture sub-prime a$$paper?
http://www.google.com/search?q=Deutchesbank+Argent&ie=utf-8&oe=utf-8
Who “forced” [Secretary of Commerce] Penny Pritzker’s Chicago family-owned Superior bank to perpetrate its innovations in ACORN farming, and its subsequent failure?
Who “forced” Jorge Bush to make Roland Arnall (owner of Ameriquest) his Ambassador to the Netherlands?
Funny how all the parasites playing the blame game point with one finger outstretched - but with the other four pointing right back at themselves.