BlackRock says its purchases of mortgage bonds depend on banks

04/6/2010 | Financial Times (tiered subscription model)

Before BlackRock starts buying a large amount of "private-label" mortgage bonds, banks will need to bear their share of losses on troubled mortgages, said Curtis Arledge, the company's chief investment officer for fixed income. Arledge's stance adds to the debate on who should face losses in the mortgage-market meltdown.

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