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Politics : THE WHITE HOUSE

SPY 690.38

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Dec 24 4:00 PM EST

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To: DuckTapeSunroof who wrote (23305)	10/6/2008 1:37:47 PM
From: GROUND ZERO™	Read Replies (1) of 25737

If mortgage brokers had done their job and only made loans to people who could pay them back (i.e. with "reasonable" levels of default), we wouldn't have a financial crisis. So right away, in nearly the first step of the chain, we have to ask what went wrong, why they were willing to take so many questionable loans. The author is asking a question that only demonstrates his ignorance of the problem... the banks had to grant risky loans because frank, obama, and the others forced them to grant loans under their jurisdiction and oversight... GZ

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