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Archive for April 9th, 2007

How the Subprime Scam Works »

I have written a few articles about the crash and burn of the subprime lending market, but why am I so gleeful about the suffering of lenders, such as the recently-bankrupt New Century Financial Group?  After all, the subprime lenders were heralded by our presidential administrations, both Republican and Democratic, as the broker of the [...]