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Posts Tagged ‘predatory loans’

The Feds Themselves Issued Subprime Loans in 2001

From the WSJ this morning “FDIC Faces Mortgage Mess After Running Failed Bank“: It turns out that the U.S. government itself was one of the lenders giving out high-interest, subprime mortgages, some of them predatory, according to government documents filed in federal court. Reminds me of Lisa Simpson’s line in “Homer the Vigilante“, when Homer [...]