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Subprime crisis: the legal edition

12 September 2011 By Reynolds Holding, Agnes T. Crane

That’s the grim reality for investors. The entire home-lending chain – origination, servicing and securitization – is under legal fire, with a regulator aiming the latest shot at 17 banks. Settlements will help, but as this primer illustrates, a full ceasefire may be years away.

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