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Housing predicted to drop for 2 more years :(
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[QUOTE]Originally posted by bond006: [QB] not so sf the lenders knew the loans were bad loans to make in the beginning thats why they bundled them quick and dumped them on other lending and investment companies. Not to mention state city and county pension funds and fannie mae,freddie mac. All of this done by ratting fraud and slipping a bad mortage in with an A rated one. How do you think freddie and fannie got in trouble these people are not stupid they were lied to as of the quality of the mortage contract. I say prison to the bunch now. And nationalize the entire banking system by force if necessary. They are using tax payer money to bail the out why not have the government just buy the whole damn system and have done with it [/QB][/QUOTE]
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