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Published daily in Bend, Oregon, by Western Communications, Inc. Copyright 2007.
By Louise Story / The Bulletin
November 22, 2009
As millions of Americans struggle to hold on to their homes, Wall Street has found a way to make money from the mortgage mess.
Investment funds are buying billions of dollars’ worth of home loans, discounted from the loans’ original value. Then, in what might seem an act of charity, the funds....
