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Seven firms closed in Calif. mortgage fraud probe

Discussion in 'Political Discussion' started by weswelker#83, Mar 21, 2008.

  1. weswelker#83

    weswelker#83 In the Starting Line-Up

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    Last edited: Mar 21, 2008
  2. wistahpatsfan

    wistahpatsfan Pro Bowl Player

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    #75 Jersey

    Because a government bailout is wrong for Bear Stearns, too. Besides, a mortgage bailout will not help those who own the homes as much as those who own the mortgages. The banks need a dose of reality, not more welfare.
     
  3. weswelker#83

    weswelker#83 In the Starting Line-Up

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    There is increasing evidence that black and Hispanic borrowers were more likely to be steered to high-cost subprime loans than other borrowers.

    It is explained here:
    http://www.nytimes.com/2007/10/17/opinion/17wed2.html?_r=1&oref=slogin


    Take a look at this link :

    Black Atlantans often snared by subprime loans
    http://www.ajc.com/metro/content/business/stories/2007/11/05/foreclosure_1104.html

    AND

    http://www.blackvoices.com/blogs/2008/01/14/subprime-lenders-we-have-a-scheme/


    That is wrong again.
     
    Last edited: Mar 21, 2008

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