You seem to believe there was no predatory lending going on, and very little mortgage fraud.
Maybe BoA et al weren't doing the direct lending to people with no job and no money, but they certainly knew it was happening and happily bought the bundles and shaved them off to other buyers. A bit fraudulent there.
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Date: 30/11/11 23:55 (UTC)Maybe BoA et al weren't doing the direct lending to people with no job and no money, but they certainly knew it was happening and happily bought the bundles and shaved them off to other buyers. A bit fraudulent there.