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Housing Ponzi Scheme and Ineffective Bailout Plans

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7

December 19, 2007 – Comments (0)

Great stuff from the housing bubble blogs today. This, by way of HousingPanic, and this one.

Grannies who borrowed against bogus equity so they could be "giving" and the couple hundred people helped by Shrub's new FHA plan. We've got it all.

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