Are you the owner of this house? You might be...Dean Foust
For all of those investors who bought into hedge funds or into collateralized debt obligations — seduced by the high returns that the fund managers promised — here’s a look at one of the assets that might be in your portfolio. Kathleen Howley and Bob Ivry at Bloomberg take a look at some of the homes in Decatur, Ga. that are owned by such Wall Street titans as Bear Stearns, Lehman Brothers and JP Morgan Chase. In a few instances, the firms bought the houses out of foreclosure, but in many instances they are stuck with the house after buying the mortgages on the home — and then having the house pushed back to them when the borrower defaulted. Interesting read…
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