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August 23, 2013 Uncategorized

Meltdown explained

David and Judy Shepherd are mortgage lending executives who cogently explained the housing meltdown of 2007 as originating with billions in Wall Street and bank investor money looking for big returns. What still flummoxes all ofDSCN2741 us is not the greed but the widespread unethical and fraudulent business practices across numerous platforms (banking, appraisals, processing) with virtually no industry or government oversight. All of that helped sweep the country into the Great Recession. As a nation, it took the wind out of our sails.

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