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Mortgages, Credit Card Companies & Bankruptcy Filings.

Check this out:

http://tpmcafe.talkingpointsmemo.com/2008/07/18/

It’s got a link to a paper discussing The 2005 BAPCPA & how it can effect the banks that write mortgages.

In an environment of falling house prices, foreclosures & bankruptcies, credit card companies and banks could be competing for payments on their debts.

The direct link to the paper is here.

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