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Mortgage-Whacked Security: an Underwriters take

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  • Joseph Parker | | 28 Feb 2012, 01:27 PM Agree 0
    To lump this into one short segment of time - or one side of the mortgage business is at best short sighted. Take for instance that the pay option had been around since the early 90's offered by Downey Savings and Loan, World Savings and a few Thrift's - at that time was just called a neg am mortgage. Like anything or anyone - it is how it is used and by whom that proclaims it's outcome. Including the politicians and soap boxers of the world.
  • David Griffin | | 28 Feb 2012, 02:46 PM Agree 0
    I hate it when people say that more government regulation is the answer. Government regulation and government bailouts are the problem, not the solution.
  • Eric Emert | | 28 Feb 2012, 03:27 PM Agree 0
    @ David/Joseph: You can make excuses and argue against regulation, the bottom line is massive deregulation over 30 years has sunk this country into a depression. The Owners at the top want us to keep arguing about trivial BS while they continue to rob us all blind without any risk or penalty on their part. They insure the bailouts, and yet are the same ones that decide ifl is a "Credit Event" or not, thus bypassing any payouts and prtecting them selves again and again. Derivatives and fractional reserve banking is the root of this evil. look it up and stop watching television for your info.
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