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Zero-Down Subprime Mortgages Are Back, What Could Possibly Go Wrong?

Zero-Down Subprime Mortgages Are Back, What Could Possibly Go Wrong? Ten years after the collapse of Lehman Brothers, banks are once again taking bets on the same type of loans that nearly collapsed the economy amid a flurry of emergency bailouts and unprecedented consolidations. Bank of America has backed a $10 billion program from Boston-based brokerage […]

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Olduvai IV: Courage
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