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Too Bad, Mortgage Industry

The mortgage industry is fighting against new laws and regulations that would allow courts to readjust mortgage terms. In normal circumstances they might have a leg to stand on. But it happens we're standing in the middle of a global recession aided in part by a mortgage industry that essentially printed money in an unregulated environment.

So when they bawl about being regulated now, this is what we used to refer to on when I was a child on the playground as something called "tough titties".

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