We all knew it was coming: Safeguard Properties (SGP) falling flat on their face --- again. The Fannie Mae Portfolio is looking like Firebase Charlie in a remote section of Viet Nam these days. What a complete and total disaster. What did people expect, though? The reality is that the financial institutions simply wanted to be able to show the US Government that they were complying with Dodd - Frank and its timelines and lay the liability elsewhere. Problem is that it is not only the . . .
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