Subprime Lenders Get Big Accounting Break at SEC: Jonathan Weil
Story date: 2008-01-29 09:14:00
Added on: 2008-01-29 23:18:37
Bloomberg - ... in bulk to off-balance-sheet trusts -- known as qualified special purpose entities, or QSPEs -- which then repackaged the loan pools into mortgage-backed securities. The trusts are supposed to be beyond the lenders' control. And if the companies ...
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