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Richard L. Cravatts

Unintended fallout of loan crisis

By Richard L. Cravatts
July 26, 2008

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AS THE IMPLOSION of the $1.3 trillion subprime mortgage crisis threatened even government-sponsored Freddie Mac and Fannie Mae , lawmakers and housing advocates were busy looking for culprits, accusing mortgage companies and banks of "predatory lending" practices, often on the backs of vulnerable minority families in inner-city and working class neighborhoods. The irony of this should not escape the notice ... (Full article: 680 words)

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