Paulson begins wrapping his gift to FRAUD Street
On Sep 23, 3:20*pm, "HeyBub" wrote:
You're right the problem was caused by the federal government, specifically
the mandate to make PC morgtages. That is, people got morgtages who would
never, in an honest world, have qualified for them.
Those are referred to as NINJA loans - No Income, No Job, no Assets.
KC
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