Truthmatters
Diamond Member
- May 10, 2007
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- #21
you're missing it, completely....goes deeper...
It's Still Not CRA | New America Blogs
the lenders NOT COVERED by CRA made 75% of the subprime, risky loans, then sliced and diced them, and sold them off, masked in different forms, like MBS's....mortgage backed securities....while the regulatory and rating agencies turn a blind eye...and rating agencies were rating these MBS's as top of the line investments, which they were not....
Great article Care