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"Now Bloomberg Jumps In - Securitization Fraud
Published:
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Karl Denninger, The MarketTicker
"......... This is NOT a "nothingburger", and if it doesn't impact Fannie and Freddie (it does) we're talking about roughly $1.3 trillion in these packages.
With Fannie and Freddie in the mix we're talking about something closer to six trillion dollars of MBS issued and rolled from 2003-2008."
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