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I cant find any prior examples from history. Can you show me something specifically that proves this statement is false:
Sep 27 04:15 am
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All Comments by ritholtz »The Myth of the Credit Market 'Push' [View article]
"During a 5 year period from 2002-07, the basis for mortgage lending was NOT the borrowers ability to pay -- it was the lender's ability to securitize and repackage a mortgage. This has never happened before . . . "