This a pure lilly...
My take on what the President said today is that we need a system that prevents garbage in [no doc and no loan originator responsibilty mortgages] and garbage out and this will provide Wall Street with a pure supply of mortgages and other types of loans with whch they can can bundle and sell at a profit.
All he wants to do is purufy the supply of otems or vehicles that Wall Street sells to the rest of the world. Whats wrong with that?
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