FAH-Q Republicans!
EXCERPT:
”The second rule approved by the SEC [Securities and Exchange Commission] Thursday would require issuers of asset-backed securities [like SUBPRIME-MORTGAGE-BACKED SECURITIES] to conduct a review of the loans underlying the securities and disclose it to investors.
That rule was approved in a 3-2 vote, with both Republican commissioners dissenting.”
FAH-Q = For All to Hear & Question. ; )
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Categories: Cande = Conjecture & Exaggeration, Fande = Fact & Evidence, The Economy
america, bailout, Bush, cande, commercial mortgages, commercial real estate, earth, Fande, financial weapons of mass destruction, foreclosure, Great Recession, jobs, mortgage, Obama, self-sacrificing, self-serving, subprime, tax, taxpayer, toxic asset, unemployed, unemployment, wall street
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