Relevant:
- The Government-Created Subprime Mortgage Meltdown
- Banks Come Back For Another Bailout in Ireland While the US 'Manages Perceptions'
- Is the Federal Home Loan Bank System Hiding Risk ?
- Oh, The Truth Is The Banks Are Insolvent? (Still)
- Banks Fight Two-Front War Over Flawed Mortgages With Investors, Homeowners
2012-10-18 — nytimes.com
``For those who are eager to fault banks for messing up the mortgage market, it is worth considering that this country lacks sufficient income and creditworthy prospective residential borrowers to fuel a mortgage market of any meaningful size without significant up-front system-wide subsidies and without life-of-loan default prevention customer service built into the project. ''
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