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March 2008

Recs

10

Paulson Still Does Not Get It!

March 14, 2008 – Comments (5)

In a Reuters article about the mortgage mess, Treasury Secretary Henry Paulson blamed a "dramatic weakening" of underwriting standards for lower-quality home loans for helping trigger turmoil in credit markets. Interesting. Didn't this Johnny Come Lately say late last summer that the crisis was contained to sub-prime?  [more]

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