financeguy
ONE love, blood, life
ACORN would be less of a problem if they didn't have regulations that they could use as an excuse to bully bankers into making risky loans. changes?
I could be wrong, as the whole thing is a bit of a tangled web, but to be honest, this reads to me as naive regarding the ways of Wall Street. I would see it as the other way around to how your post presents it - Wall St came up with the product, and aggressively marketed to a constituency which organisations such as ACORN represent. Read up on Lewie Ranieri, etc.
I actually remember doing accounts for CMO type products for a bank as far back in 2000, and even then, they weren't brand new.