e-discovery

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Lawsuits reveal the doublespeak of mortgage bond sales

Aug 16, 2011By

It’s hard to tell how many residential mortgage-backed securities lawsuits will see the light of day in court. If they do, the resultant court transcripts will reveal just how creative MBS creators can get, for starters, by describing their own RMBS deals as “goat poo,” “lemons” and “pigs.”