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View Diary: Yves Smith’s Devastating Takedown Of BofA’s Not-So-Independent Foreclosure Review, Part I of V (87 comments)

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  •  As I see it, we are less than half way through (1+ / 0-)
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    elwior

    our "lost decade" (if we can learn anything from Japan), by which I mean to say that our deflationary period will likely take more than a decade before bad debt is finally written down to its real value (nothing).

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