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Who is to blame for the current sub-prime loan fiasco?
famousagents.com — The recent uproar about sub-prime loans and mortgage misrepresentation could have been predicted and foreseen by many of the real estate industry leaders. Let's take a look at who's to blame and what could have been done to prevent it.
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- Hawker400, on 10/12/2007, -1/+3Alan Greenspan. He was a champion of cheap money and subprime mortgages. Nice to see he got out while the gettin' was good.
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