Wall Street Junk Kings Hurry to Sell Debt Poised to Lose Value

Wall Street Junk Kings Hurry to Sell Debt Poised to Lose Value

Scott Eells/Bloomberg

Wall Street firms, which have spent more than $93 billion dealing with lawsuits and fines for allegedly misleading investors about mortgage backed products before the 2008 credit crisis, once again find themselves selling debt that’s poised to lose value.