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To: Graybeard58
Maybe these folks didn't understand the language of those "fast-talking mortgage brokers."

MSM shure jumped on subprime demanding laws and regulations be passed right now!!

2 posted on 03/15/2007 1:06:44 AM PDT by 100-Fold_Return (Sell Low--Buy Lower)
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To: 100-Fold_Return
Many of the now beleagured home buyers the agency sees were conned into buying homes they could not afford

Ah yes they were "victims".

Gag me.
3 posted on 03/15/2007 1:09:59 AM PDT by Kozak (Anti Shahada: " There is no God named Allah, and Muhammed is his False Prophet")
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To: 100-Fold_Return

In the 1980s we, in Texas and the southwest, had a similar system with savings and loan companies - does anyone remember the Keating 5? These loans companies made plenty of bad loans and plenty of big name people went to jail and dozens of banks went bust - 6 with over a billion in assets. The system kept up and was bailed out and the beat goes on. Someone will be buying some cheap homes and later they will sell them for a huge profit.


55 posted on 03/15/2007 7:40:59 AM PDT by q_an_a
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