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White House Rolls Out New RMBS Crackdown Effort

By Kaitlin Ugolik (January 27, 2012, 8:27 PM EST) -- Just days after President Barack Obama promised a crackdown on reckless mortgage lending in his State of the Union address, the administration kicked off its new investigation effort Friday with 11 subpoenas to financial institutions and the creation of a new mortgage-backed securities working group....

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