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Published daily in Bend, Oregon, by Western Communications, Inc. Copyright 2007.
By Ann Kelly / The Bulletin
October 15, 2008
My understanding of the home loan crisis is as follows: Many bad loans were made by banks; other financial entities became involved as stockholders in the banks or by buying parts of loans from the banks, or by insuring those loans against default (e.g., AIG). When the homebuyers defaulted on....
