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Re:We will not pursue the potential acquisition of FTX by JackFr on Wednesday November 09, 2022 @11:03PM (#33542047)
You understand the borrowers weren’t the victims of the fraud —- in fact they were engaged in it. The banks settled on charges of selling securities backed by loans that they had not sufficiently vetted, of which many turned out bad.
Re:We will not pursue the potential acquisition of FTX by vkou on Thursday November 10, 2022 @02:03AM (#33543183)
The banks issuing the loans weren't the victims of the fraud, either. They were making money hand over fist repackaging and reselling those shitty loans.