(Reuters) - NEW YORK/WASHINGTON, June 1 - The mortgage-backed securities market and Wall Street are becoming a roadblock for U.S. banks trying to dig out of the subprime mess.
The standard accounting practices and contractual terms used to create the securities leave little room for banks to modify portfolios with rising defaults and delinquencies.
Read more at Reuters.com Bonds News
The standard accounting practices and contractual terms used to create the securities leave little room for banks to modify portfolios with rising defaults and delinquencies.
Read more at Reuters.com Bonds News
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