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      The bear turns global

      Posted by SoxFirst

      The fallout from the US mortgage mess continues to hurt the US market and beyond. Clearly, issues once specific to the US are now flowing through to other markets as banks force borrowers to sell assets and investors scramble away from risk. And it will get worse.

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      The Subprime Bait and Switch

      Posted by Damianmann from In These Times

      The hope for subprime boosters was that such loans would allow the mortgage industry to continue business as usual while at the same time meeting government mandates for fair and affordable housing.

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    Jeff comments on:

    Progress in Ballard

    Something tells me this house won’t be around too long.

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    4:00 pm 4/15/08
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    gmc1

    Member since Sep 2008

    No city


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