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Politics : President Barack Obama
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To: Bread Upon The Water who wrote (34087)9/21/2008 10:50:29 PM
From: sylvester80  Read Replies (1) of 149317
 
Their loans did not cause this problem. The AAA CDOs (when in fact were junk rated full of toxic mortgages) sold by wall street investment banks did. Freddie and Fannie were some of those buyers just as many other banks and funds all over the world. So I repeat, wall street investment banks pushed loan officers with double the bonuses to get consumers into these toxic loans that they then repackaged them into CDOs and which credit houses rated AAA to be sold to unsuspected buyers as top rated grade investments. So you better wake up to what has really happened here... because wall street's Paulson is trying to pull another con job out there...
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