Relevant:
- CITI, BOFA BUYING BACK LAUNDERED LOANS AT LOWER RATES
- AFL-CIO Guy Blasts Treasury On Foreclosuregate; Bank Valuations, TARP, Systemic Risk
- JPM And Bank Of America Pay Themselves Back In Yet Another REIT Offering
- BofA Feels Bite of Move Into Mortgage-Backed Securities
- More Troubles for Banks from Auction Rate Securities
2009-03-26 — market-ticker.org
" According to the New York Post, Citi and Bank of America have been aggressively buying up Alt-A and ARM mortgage backed securities, sometimes paying more than the going rate of around 30 cents on the dollar."
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