“Non-Prime”: the New Subprime Mortgage

Here we go again. Let’s just go back to 2007 shall we?

Behind that picture of a $2.95 million home in Manhattan Beach, California, were hints of something darker: liar loans, those toxic mortgages of the subprime era.

Source: Liar Loans Redux: They’re Back and Sneaking Into AAA Rated Bonds – Bloomberg Business

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Tom Cornyn

It's not the bike, it's the rider.

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