strategic default article( from yahoo finance)# Stock
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http://finance.yahoo.com/banking-budgeting/article/109971/defending-a-crackdown-at-fannie-mae?mod=bb-budgeting&sec=topStories&pos=8&asset=&ccode=
read the last sentence of the article.
This will be the dumbest thing they are going to do. They are going to
continue to lend to people with hardship even they default now while keep
affluent defaulters out of the door. Although, morally this is correct. But
economically they are picking up those people who more likely default in the
future while keep
read the last sentence of the article.
This will be the dumbest thing they are going to do. They are going to
continue to lend to people with hardship even they default now while keep
affluent defaulters out of the door. Although, morally this is correct. But
economically they are picking up those people who more likely default in the
future while keep