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Here is a definition of "subprime" - Any loan issued below average underwriting standards.
Therefore in the basket of all loans 49% of the loans issued are subprime or below average, by definition and this will always be true.
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"Democracy is two wolves and a sheep voting on lunch."
"It is useless for the sheep to pass resolutions on vegetarianism while the wolf is of a different opinion."
"If you live among wolves you have to act like one."
"A lady screams at the mouse but smiles at the wolf. A gentleman is a wolf who sends flowers."
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