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...Mortgage mess? Everyone knows that Wallstreet knew the mortgages were predatory loans to ensure big profits. Do you believe government went along with it to boast short-TERM construction, GDP, jobs and political stability? Is there enough potential GDP in America today to sustain our standard of living and political stability?
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In a sense, the government had established a policy of affordable home ownership and that encouraged mortgage brokers and financial institutions to develop products that enabled people who previously could not qualify for mortgages to easily obtain one.
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