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

To: skinowski who wrote (287928)	10/30/2010 11:34:46 PM
From: ggersh	Respond to of 306849

Agree, the system, the regulatory capture, and no enforcement of law signaled the start of the bubble, what ended it was the first default! Banks made money on issuing loans, but soon their responsibility - and exposure to risk - would end, as they would unload them to government sponsored entities. The bank would no longer have its a$$ on the line, and that's where, it seems, was the breakdown in the system. There was plenty of financial motivation to issue loans -- but not to do DD.