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More Clues on Ponzi Finance
November 3, 2006
By Russ Winter 
Last night were received more clues on the condition of Ponzi finance, this, from one of the primary purveyors of toxic mortgages, New Century. The footnotes were most interesting. Turning immediately to the 60 days plus delinquencies, we see that 2.42% of the 2006 vintage hits this column. Incredibly, 2.03% of the recent mortgages NEW [...]
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