Who’s to Blame?
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Unbridled greed led Wall Street executives to behave recklessly.When President Bush took office, the subprime lending market was in its infancy, and most borrowers got conventional or “prime” loans. But within a few years, the...
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Highlights:
Many mortgage lenders, such as Countrywide, laid the groundwork for the home foreclosure crisis by using misleading business practices to entice millions of home buyers into unaffordable adjustable-rate mortgages. The greed-driven...
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