australia's very own subprime crisis looming, page-17

  1. pintohoo
    83,634 Posts.
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    26/02/14
    06:57
    Post #: 13050309
    Morning,


    "Most of their loans are covered by mortgage insurance. So much for your prognosis devoid of substance."


    If we ever have a housing disaster - do we really believe mortgage insurance will pay out?


    In really big disasters - look at the results.


    Eg. Cyclone Tracey.



    Have a great day

    Pinto
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