Tuesday, September 23, 2008

The Case Of The “Disappeared” Subprime Minority Borrower By Takuan Seiyo

The financial debacle of a $1.4 trillion pool of subprime mortgages of which at least half are unpayable and 25% are irrecoverable did not start in a political vacuum. For years, the American political Establishment badgered the banking industry about the "racism" implied in its loan portfolio.

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