As a former trial attorney on the staff of a state聽prosecuting attorney, I have read broadly聽about the Wall Street generated crisis to understand the way the mortgage banks at the consumer level sold loans, passed them up the ladder to the wall street investment banks who bundled the聽loans聽as securities and sold them to their clients and other trusting investors. I am not interested in whether the "John Paulson's" of the world were immoral, but rather how many of the investment bankers and others knew that the securities were likely to fail and either knew or should have known that they were selling extremely high risk junk as something more valuable and deceived and defrauded the buyers of those securities.聽What is galling is that with the knowledge of聽the low quality of those junk securities,聽the insiders聽bet against their own brand of securities to make a fortune while others lost. Barbour Men Jackets barbouroutletuk2013.com/blog/.
