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The explanation that they did this is in order that they can rake within the loan fees (at first), promote the loans to overseas investors after which after getting all that money, collect cash by means of interest, steal cash via the fraudulent bail out schemes, earn cash whenever you default on the house through insurance coverage and bail outs after which TAKE YOUR HOME in foreclosures, which is the only actual asset within the first place.
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They lend money (out of skinny air)…Do you understand what I’m saying, the cash they lend they MAKE UP. The individuals getting the loans are paying with real labor..that is what is real and the land and the houses are actual…the cash is a fiat currency.