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Big Banks About to Start Booking Second Mortgage Losses They Can No Longer Extend and Pretend Away

Big Banks About to Start Booking Second Mortgage Losses They Can No Longer Extend and Pretend Away When the mortgage mess was a hotter topic than it has been of late, we would write from time to time about the second mortgage time bomb sitting at the major banks, particularly Bank of America Reuters has a new article, Insight: A new wave of U.S. mortgage trouble threatens, which is simultaneously informative and frustrating. It is informative in that it provides some good detail but it is frust

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