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The Archives section contains a collection of historical blog posts, discussions, economic trends and other historical writings from The Disciplined Investor. The information found here may be out of date and no longer relevant to the current environment.

Out of the Credit Mess in 1-2-3: Blame, Blame, Blame

Jan 14, 2008

This week appeared an interesting article from the Wall Street Journal in which the author suggests that the mortgage brokers are the new villains in the ongoing credit market chaos is just one more piece of bad filler. It seems that the brokers/scapegoats have been tagged as the ones that are originating mortgages with a high level of default. While that may be true, please forgive me, but who ultimately sets the approval standards for these loans?

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