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Old March 24, 2009, 07:59 AM
-TW
 
Posts: n/a
Default Re: A stupid question for our times...

Thanks Ankesh.

That's a cool site too -- I joined up.

About that talk on cheating... To those of us who have followed the subprime mess closely, the talk on ted doesn't really relate, because the talk does not take into account that the banks were FORCED (by Wash DC) to make those risky loans. So it was cheating that was forced. In esssence, the banks were forced to break their own rules. Unless, the cheating you're talking about is the home BUYERS, who 'cheated' by taking out loans using FALSE personal info (lying on the application), or just getting loans they KNEW they couldn't pay back.

-- TW
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