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Seems the Rich Default Even More
Well, so much for the idea that the foreclosure crisis is /was due to those “irresponsible low-income people buying stuff they can’t afford”. It seems the rich are even less responsible: the rich have...
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High Noon: Banks vs. The Law (Mortgage Foreclosures) – Part 1
In recent weeks a legal storm has begun to blow regarding mortgage foreclosures. It seems that in the last decade, as banks and Wall Street rushed to push mortgages and borrowed money at any homeowner...
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High Noon: Banks vs. The Law (Mortgage Foreclosures) – Part 2
So, just what is the “mortgage foreclosure crisis”? One part, as suggested in part 1 of my “High Noon” series of posts on this issue is that the banks have lied in court in order to save money, cut...
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High Noon: Banks vs. The Law (Mortgage Foreclosures) – Part 3
Ok, continuing the series on the mortgage foreclosure crisis here. For background on the legal side of the problem see Part 1 and for a humorous look by Jon Stewart at the crisis see Part 2. The banks...
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