This blog attempts to educate people about how our economy works and to provide updates on what is going on in the economy that may affect them (See personal story at the bottom of the page). Neither this blog nor I are investment advisors, any opinions posted on this site are my own. Please seek a professional investment advisor to fit your personal investment goals.
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It would seem that the banks basically hired anybody off the street that didn't even understand how a mortgage worked or much about it. These people were hired not to ask questions so the mortgages could go through.
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