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lets not forget that banks take out insurance on their loans in case loans turn bad.
im assuming that the banks have their asses covered in all aspects and dont really lose out in the end.
Where's our resident insurance expert to help with this question?
Read more: http://www.tfproject.org/tfp/general...#ixzz16AA1p4ud
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Lets also not forget the people dealing the mortgages they expected to fail made profit on them failing.....
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