Photographer: Chip Chipman/Bloomberg
Like some of Wall Street's clients, salmon return to their spawning grounds, where they are caught and smoked.
A perfect study in Wall Street 's Law of Eternal Return: as Fed buying ends and mortgages slip, property-backed CDOs -- pools of sliced and diced mortgage loans -- are suddenly back.
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Amount Bank of America will pay in its latest mortgage-loan related penalty. BofA has booked more $70 billion in home-loan related expenses under current chief Brian Moynihan, mostly related to the 2008 Countrywide takeover.
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