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    3. is the wall street sub prime mortgage fiasco the downfall of the "piig" countries
    is the wall street sub prime mortgage fiasco the downfall of the "piig" countries

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    +1  Views: 379 Answers: 1 Posted: 14 years ago
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      No, it was caused by the federal government "Fanny" and "Freddy" mortgage providers that forced banks to lend 120% of the loan value to persons unable to pay of their mortgages.


       


       

      14 years ago. Rating: 1
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