It was a piss poor investment made by bankers. Anyone who lived in Metro Detroit could've said "You would be better setting your money on fire and peeing on it", but the ~brilliant minds~ of Wall Street thought they could profit. What upsets me the most is that rather than being forced to own up to a terrible decision, someone like Syncora will drag this through the courts as long as they can, and probably not end up taking that terrible of a hit.
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