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>> MORGAN STANLEY Latest News

FEB 07, 2013 - San Francisco Chronicle

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Germans now after Wall Street banks over mortgages

Germans now after Wall Street banks over mortgages The litigation may contribute to about $25 billion in further costs for banks to resolve claims on bonds not backed by the government, Compass Point Research and Trading estimates. German investors' appetite for higher-yielding debt helped fuel the bubble that triggered the global credit crisis, forcing German taxpayers to spend more than $406 billion to shore up the country's biggest banks, which are now in varying stages of repaying the funds. S&P falloutThe global marketing and sales of subprime mortgage bonds centered on Wall Street ... Read More

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