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Technology Stocks : Semi Equipment Analysis
SOXX 342.47+1.6%Jan 16 4:00 PM EST

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To: willcousa who wrote (38154)2/15/2008 2:45:21 PM
From: The Ox  Read Replies (1) of 95737
 
When the loan broker gets his fee up front and the lender can lay off the loan at a profit, selling it into a mortgage pool which has no recourse to him

IF the loan broker and the lender "know" that the borrower does not qualify for the loan yet they continue to loan the individual money, then there is fraud, which implies there is recourse.
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