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Loan Modification

: Mortgage Lender Implode-o-Meter

Geithner and JPMorgan CEO Jamie Dimon's Parade of Lies Exposed

By Implode-Explode Heavy Industries

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"Clearly the goal was not to protect taxpayers, but rather to protect JPMorgan from losses it would have had taking unsecuritized garbage on its books at full value. Instead the trash was passed to the Fed. The treasury [taxpayers] will eventually own that garbage some point down the road."

Full post as published by Mortgage Lender Implode-o-Meter on February 16, 2010 (boomark / email).

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