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Message from discussion Reality of Housing - Not shown elsewhere by Media
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 More options Feb 11 2008, 10:33 pm
From: body...@hotmail.com
Date: Mon, 11 Feb 2008 19:33:00 -0800 (PST)
Subject: Re: Reality of Housing - Not shown elsewhere by Media
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This is nothing new, right in 98-99 the Gov't was coming down hard on
predatory lending and highrisk lending. This was also a big reason UBS
was boughtout due to smaller subprime lending. By 99-00 the number for
companies fined was 50, 01-03 400, and 04-06 it was over 200. There is
alot more behind the scenes and this is not the end. Level 3
accounting that started with LTCM, Enron was just the beginning.

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