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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: Sam who wrote (55627)3/23/2008 3:38:28 PM
From: neolib  Respond to of 543349
 
Indeed, IMO, the problem is 90% interest rate driven and 10% driven by the sliced and diced MBS side. Even if the loan originator held the loan, the entire system was based on RE asset inflation, which was enabled by low interest rates. But all Ponzi schemes come to an end at some point.