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Confusion in the Mortgage Market Explained

Discussion in 'News & Current Events' started by windcatcher, Jul 11, 2008.

  1. windcatcher

    windcatcher New Member

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    Interesting and instructive:

    GO HERE
     
  2. billwald

    billwald New Member

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    Admit I didn't listen to the entire recording but bottom line is the purpose of the system is to get around the cash reserve requirements for banks. Also, the banks must be making more money generating fees than from interest payments.
     
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