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Thu Apr 10th 08:36 AM | Rating: 0 0
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Larry Kudlow is Dead Wrong: CRA Didn't Start the Meltdown

Well guys, why is no one mentioning the 3 year no refinance lockup and the 2 year teaser period? That's the fingerprints of criminal intent my friends! There's nothing about a couple who qualified for a fixed rate, but the broker would get a full 3% of the whole loan to push a much more expensive "exploading" loan that is remotely "market forces". That's criminal and so far I don't hear of 1000's of brokers being charged with fraud.

Yes this practice and industry _does_ need regulation.

curt
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Fri Jan 4th 10:26 AM | Rating: 0 0
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Forecast 2008: Outlook for the US Economy

BTW, most credible sources are now giving credit for the 2003-2007 boom to extreme liquidity injections by Ben and home equity with drawl, not Bush tax cuts. You might subtract that phrase from your vocabulary praising the past 7 years. Which brings us to the current black swan event we are sitting on and thus can only partially see. The crumbling of our banking morals, facilitated by asleep at the wheel, lack of morals and greed. 1 yr from now I bet you revise your forecast again retroactively. :)

tnx curt
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