The list includes $ 13 billion paid
for toxic securities abuses in 2013, as the bank overstated the quality of mortgages it was selling to investors in the run - up to the financial crisis.
After lobbying hard and eventually winning approval of a plan centered on having the government
purchase toxic securities from banks, Paulson instead used the first round of bailout funds to buy preferred equity in financial institutions.
«Hedge funds were major traffickers in
the toxic securities that brought down the financial system eight years ago.
@ blosmurph: Not to mention the ratings agencies that gave
these toxic securities triple - A ratings.