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I'll never understand how the mortgage brokers were ever allowed to write loans for 125% of the appraised value of a home with payments which wouldn't even cover the interest.
If that wasn't an invitation to commit fraud, I don't know what is.
And that's before Wall Street started playing their games.
We don't have a bunch of people who need to go to jail, we have a bunch of people who need to be put on their knees and shot in the back of the head.
Chas
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