Detailed text transcripts for TV channel - MSNBC - 20110228:21:03:00
Go on to say that 11% of that was actually sold by banks, deutsche bank, morgan stanley, all the banks. without disclosure to the buyer that those mortgages had been audited as flawed. is that not a prosecutable offense? >> well, i'm not an attorney. we weren't set up as prosecutors, but one thing we did in our report is laid out a lot of facts. we did our job. it's now the job of the prosecutors to do their job. in what you're referring to, that was a big dipstick. clayton holdings looked at 911,000 mortgages in 2006, the first half of 2007. they found that 28% of the mortgages being bought b...
Source: news source