Banks 'Making A Killing' On Government Toxic Asset Program

As Bloomberg reports this morning, some of the nation's largest banks have actually bought more risky home loans instead of getting them off their balance sheets.

In other words, the program that was supposed to help banks dispose of these toxic assets instead made those assets so marketable that banks bought more -- and are now at even greater risk. The banks apparently decided that the government's entry into the mortgage security market was simply a guaranteed money-making opportunity.'

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