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MerryPrankster

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MerryPrankster

Re: chuck44l post# 32898

Monday, 08/13/2007 9:06:24 AM

Monday, August 13, 2007 9:06:24 AM

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I do not think it was the rate cuts, per se, the retail loan brokers got greedy. Some of the toxic loans being farmed out were ridiculous, especially the negative amortization loans and 100+ percent financing deals ... not very prudent compared to traditional real estate lending guildelines.

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