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I read in a reputable financial newspaper that many of the orginal lenders sold these subprime mortgage loans bundling them with ok loans. Bigger financial institution bought them and supposedly did not know about the subprime bundled mortgages. Now they are in trouble... but the original parasitic lenders are not going to suffer any loss. How's that for justice? Buyer beware is a prudent way to purchase. So, we the taxpayer are to cover the losses... sounds like taxation without representation... tea party anyone?? Let the free market reign!
By M. Hughes
