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Mortgage Fraud Sparked the 2008 Housing Collapse — Why Are Democrats Now Defending It?

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the staff of the Ridgewood blog

Washington DC, mortgage fraud was at the center of the 2008 financial crisis, yet some political leaders today appear to have forgotten just how devastating those practices were. The issue has resurfaced with Federal Reserve Board member Lisa Cook, who is suing the Trump administration after being removed from her post over allegations of mortgage application fraud.

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