May 18, 2012
"Back before the housing bubble burst, sending America’s economy into a tailspin, hedge fund manager and former CitiGroup banker Bruce Rose was marketing himself as the guy who single-handedly invented subprime mortgage-backed securities. Indeed, Carrington Investment Partners, part of a cluster of related companies founded by Rose, competed with the big investment banks to package and sell mortgage debt to investors. Now Rose and his companies are positioning themselves to feed off the tail end of the meltdown their business practices helped create, joining a foreclosure-to-rental trend that experts say could hurt homeowners even more."

— This, via Josh Harkinson, is your morning must-read. (via motherjones)

(via stfuconservatives)

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