Relevant:
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- Check Out Janet Tavakoli's Presentation On Why Housing Finance Was Always "Fraud As A Business Model"
- Mortgage analysis: Is the industry losing the battle against fraud?
2012-06-13 — housingdoom.com
[I]t seemed incredible to me that with all the fraud that took place during the housing bubble, the Justice Department was focusing not on the banks that had issued the fraudulent loans, but rather on those who had taken out the loans, which invariably went sour when housing prices fell.
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