Tom Usher wrote or added: "Richard Bowen determined in mid-2006 that more than 60 percent of mortgages bought from other firms and sold to investors such as Fannie Mae and Freddie Mac were 'defective.'" He warned the neoliberals about the problems. He was ignored. Of course he was ignored. The Wall Street sharks knew exactly what they were doing. They've made money before, during, and after the crash they caused on cue. It has ever been so.
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