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#14 (permalink)

04-07-2008, 02:21 PM

Don

Senior Club Cobra Member

Join Date: Aug 1999

Location: Ellington, CT

Cobra Make, Engine: Classic Roadster 351W, T5, Red & White

Posts: 3,478

Not Ranked

What still appears to be the bank's or mortgage company's lack of responsibility to the shareholders is to issue a mortgage with no money down, speculating that the escalation of real estate values would cover their risk exposure.

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