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Loan Modification

: Mortgage Lender Implode-o-Meter

The Dirty Little Secret Of Basel III

By Implode-Explode Heavy Industries

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"The heart of the crisis was not so much under-capitalization of a few risk taking financial institutions. It was over-correlation. So many of our banks fell into trouble all at once because their balance sheets were so heavily loaded with mortgage backed securities."

Full post as published by Mortgage Lender Implode-o-Meter on September 14, 2010 (boomark / email).

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