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View Diary: William K. Black to FDIC/Obama: Stop the Friggin Fraud (178 comments)

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  •  Ok, I'll stipulate it's not a case (0+ / 0-)

    of tax evasion, but financial privacy. If they are not willing to open the kimono as in a regular mortgage, then they will have to provide additional downside protection for the lender. This could be via a higher down payment, say 25% to 35% and/or a higher interest rate. That would go a long ways in eliminating the speculators and fraudsters.

    One night in Bangkok makes a hard man humble ... Murray Head

    by virginislandsguy on Fri Oct 22, 2010 at 11:53:37 PM PDT

    [ Parent ]

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