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  #1  
Old 10-19-2010, 09:48 PM
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Smokey Bear Smokey Bear is offline
 
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Location: The "OC" in Republican Land (Oh no!)
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Default Feds probing possible criminal violations in home foreclosure crisis

It's about time!

http://www.cnn.com/2010/BUSINESS/10/...ss_igoogle_cnn
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Old 10-19-2010, 11:05 PM
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AnonApprsr AnonApprsr is offline
 
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State: Massachusetts
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I have very little sympathy for those who don't pay their mortgage. As far as the banks illegally taking possession of homes within 1 or 2 months of missing a payment... not cool. The joke that is mortgage modification? Not cool.
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Old 10-19-2010, 11:20 PM
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Elliott Elliott is online now
 
Join Date: Apr 2002
Location: Pumpland
State: Oregon
Professional Status: Certified General Appraiser
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The underlying fear in the whole foreclosure mess is that some of the subprime
mortgages were sold multiple times by Wall Street (ie, JP Morgan, Lehman,
and Goldman Sachs). When you decide to allow moral hazard you never know
how far it will extend. As Betty Davis said, "Hold on, its going to be a bumpy
ride."

But if Orange man was allowed to walked with hundred of millions....
  #4  
Old 10-20-2010, 12:09 AM
NORTON NORTON is offline
 
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nobody will go to jail....nobody got fired from the SEC over Madhoff.....it can't get any easier than that!
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