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Banks told to keep skin in game — they securitized that too

from Bloomberg

Few would argue with the stated mission of The Academy Group: to educate, mentor and find jobs for underprivileged youth. But along the way, the Chicago non-profit is also doing something a bit less lofty -- helping Wall Street sell collateralized loan obligations, a cousin of those complex debt instruments that went horribly wrong during the 2008 financial crisis. more


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