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Archive for April, 2007

The Subprime Mortgage Mess: Big Yawn

April 1st, 2007

Lately, I start my days annoyed as I read the latest articles about Countrywide, Citigroup and the latest subprime fallout. What is happening here is a little thing called karma. The media is really shocked about this? Come on. Have they not been reading their own headlines dating back to 1997 about predatory lending, consumers spending like drunken sailors and liquidity crises?

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