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The Rise of "Legal Fraud" | Bethany McLean
Forward Guidance
How Did the Mortgage Market Change After the Great Financial Crisis?
In the golden age of private equity in the eighties and the nineties, there were just undervalued companies that you could get for three times ibida. And now you have to do all this engineering if you want to even keep pace, because everything so richly valued. I think it's fascinating that so much of the us mortgage market is controlled by these companies that most people don't understand and don't now exist. Lord mervin king, the former head of the goverent bank, governor of the bank of englan, said to me at one point, you an America do things so strangely those countries.
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