Comments by "starventure" (@starventure) on "CBS 17" channel.

  1. It will cause people who normally could not make PMI to achieve it and then default, causing a foreclosure epidemic.
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  2. That crisis was not just reckless granting of loans to animals, but overseas banks over-investing in the USA without prior knowledge of the local markets and then stiffing the municipalities on the taxes after they called in the loans. Deutsche Bank was the de-facto owner of most of Cleveland at one point but told the city to pound sand on property taxes.
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