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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (164632)	11/15/2008 2:48:46 PM
From: JBTFD	Read Replies (1) \| Respond to of 306849

FOX. 'nuff said.

To: Jim McMannis who wrote (164632)	11/15/2008 2:55:19 PM
From: neolib	Read Replies (1) \| Respond to of 306849

You clearly didn't read either the article or even the paragraph I quoted. The point is that Wall Street was falling all over itself to lend to people who would default, because they made bundles of money doing it, and didn't expect to be left holding the bag. Their only problem was, they couldn't find enough of those poor people. So they innovated a way to play the same game using the too few actual mortgages out there. How the hell can anyone looking at this claim the problem was what you are claiming?