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Banks Plan To Dump $50 Billion In Troubled Mortgages On Taxpayers

2-13-09 • Michael Shedlock / Mish

I suspect that $50 billion will soon become $250 billion. This plan is not about foreclosure prevention. It is a fraudulent scheme to dump toxic waste on unsuspecting taxpayer bagholders.

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Banks Plan To Dump $50 Billion In Troubled Mortgages On Taxpayers

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