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IPFS News Link • Housing

The Dumbest Thing I've Seen Yet: 125 Percent LTV Home Mortgages

06-19-2009 • Market-ticker.denninger.net

If you are underwater on your house and take a deal like this, you are as dumb as a box of rocks and have just consented to being bent over the table and violated repeatedly. That our government would propose "allowing" such a thing is fomenting financial rape upon The American Public

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Reported By Jack Gregson

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