State gets subprime loan cuts for 700
Reaches $60m accord with Wall Street giant; Bank played big role in packaging of debt
In the first settlement of its kind in the country, Massachusetts Attorney General Martha Coakley has reached a $60 million agreement with a Wall Street investment bank that helped facilitate the frenzy of subprime lending that saddled so many homeowners with mortgages they could not afford to pay. (Full article: 733 words)
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