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A "Gate" Worthy of the Name--"ForeclosureGate"

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At www.cjr.org

The spectacle of the nation's biggest banks--Bank of America, JPMorgan Chase & Co, GMAC--halting foreclosures because of evidence of mass-scale fraud among mortgage servicers provides official confirmation of a full-blown scandal that may, just may, mark a turning point in the narrative of the financial crisis.

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At www.cjr.org


 

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