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2nd Circ. Looks Unwilling To Undo $806M RMBS Judgment

By Pete Brush ( November 18, 2016, 3:37 PM EST) -- The Second Circuit showed little inclination Friday to let units of Nomura and Royal Bank of Scotland off the hook for an $806 million mortgage-bundling flimflam that came at the expense of Fannie Mae and Freddie Mac, with Judge Richard Wesley flatly telling the defendants that bankers "weren't doing their job."...

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