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CSPAN June 27, 2009

burden on our society, so it is actually an important investment for us. part of the problem with many of the bad loans were many of the people were told, dont worry. house prices are going to go up and up and up. the banks believed that the prices would never go down. they were supposed to be the risk experts. if somebody tells you, i have so much confidence that prices are going to go up that ill give you this big loan and dont worry. in five years times you can refinance it because ...
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