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In response to
"I'm all for regulation..."
by
Dr.Vermin
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total B.S.
Posted by
Stewie (aka whysoserious)
Jul 23 '09, 16:32
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It doesn't even make it one sentence.
"Threatening lawsuits, Clinton's Federal Reserve demanded that banks treat welfare payments and unemployment benefits as valid income sources to qualify for a mortgage."
The mortgage companies were so drunk on giving out as many loans as possible, so they could package them for sale as securities, that they were not even *checking* incomes.
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