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Loan Modification

: Mortgage Lender Implode-o-Meter

American Fugu

By Implode-Explode Heavy Industries

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"So the bottom line is that the Housing GSEs serve the function of an Enron-style QSPE and an invaluable policy tool if nobody notices they're just another off-balance-sheet vehicle."

Full post as published by Mortgage Lender Implode-o-Meter on May 25, 2010 (boomark / email).

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