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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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From: John McCarthy	2/19/2008 6:21:17 PM
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Fitch Ratings echoed that Feb. 1, when it announced it was considering cutting its ratings on $139 billion in mortgage debt, because the company believes more people are going to default. "The apparent willingness of borrowers to `walk away' from mortgage debt has contributed to extraordinarily high levels of early default," the credit-rating agency said. thestar.com

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