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Loan Modification

: Mortgage Lender Implode-o-Meter

Jim Rickards: Fundamental analysis, fair value nullified by government intervention

By Implode-Explode Heavy Industries

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``This is much like what people heard at GATA's Washington conference two years ago: "The main purpose of central banking now is to prevent ordinary markets from happening at all." That is, "there are no markets anymore, just interventions"''

Full post as published by Mortgage Lender Implode-o-Meter on July 27, 2010 (boomark / email).

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