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Nomura found liable for selling toxic mortgages to Fannie, Freddie

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    Many people have argued that Fannie and Freddie caused the financial crisis, but a court just ruled against RBC and Nomura for selling them fraudulent loans (self.investing) submitted 4 years ago * by hedgefundaspirations

    A New York federal judge on Monday found Nomura Holdings Inc. liable for selling shoddy mortgage bonds to Fannie Mae and Freddie Mac before the 2008 financial crisis, ruling in favor of the.

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