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Financial crisis

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Morgan Stanley settles for $3.2 billion over ‘deceptive’ mortgage bond practices 

Feb 11, 2016By

Morgan Stanley will hand out hundreds of millions of dollars in consumer relief and fork over hundreds of millions more to state governments as part of $3.2 billion settlement over its “deceptive” mortgage bond practices in the run-up to the financial crisis, the New York Attorney General’s Office said Thursday.

3d rendering of a row of luxury townhouses along a street

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