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Sub-Prime Mortages

The Next Shoe To Drop

September 30, 2009

As we all know, the beginning of last year’s recession was triggered by a series of events, including the failure of two quasi-government agencies, Fannie Mae and Freddy Mac, precipitated by the over-abundance of sub-prime mortgages given to people who had no capability of paying them back.  A year later, it appears that we have [...]

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