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To: TurboZamboni

Those who don’t learn from the past are condemned to repeat it.


2 posted on 12/10/2014 7:23:59 AM PST by Verginius Rufus
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To: Verginius Rufus

I agree! My first job out of college was working with a big bank that gave ridiculous loans out to the worst credit offenders. Folks were getting home loans in the 15-20% range.

3% down on a home is nothing and this terrible problem will come back again.


6 posted on 12/10/2014 7:31:18 AM PST by Roman_War_Criminal
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To: Verginius Rufus

Just thinking the same thing.


19 posted on 12/10/2014 7:39:42 AM PST by BunnySlippers (I LOVE BULL MARKETS . . .)
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To: Verginius Rufus

After 30 years in the Mortgage industry let me assure you these cycles never stop. And they never will. The No Docs will be returning also. Count on it. :-)


25 posted on 12/10/2014 8:02:48 AM PST by Georgia Girl 2 (The only purpose o f a pistol is to fight your way back to the rifle you should never have dropped.)
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To: Verginius Rufus

“Those who don’t learn from the past are condemned to repeat it.”

So you are against offering loans to those who are bad credit risks, and then calling those loans a first class product when they are resold to investors? I am too.
Interesting how we the whole mortgage crash is always the fault of the least sophisticated player in the whole game.


43 posted on 12/10/2014 8:53:47 AM PST by DesertRhino (I was standing with a rifle, waiting for soviet paratroopers, but communists just ran for office.)
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