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How the Banks Put the Economy Underwater - NYTimes.com

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The major banks and their agents have for years taken shortcuts with their mortgage securitization documents -- and not due to a momentary lack of attention, but as part of a systematic approach to save money and increase profits...The people who so carefully designed the mortgage securitization process unwittingly devised a costly trap for people who ran roughshod over their handiwork. The trap has closed ...

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Citizens United by Paul Cohen on Monday, Nov 1, 2010 at 4:28:01 PM