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It¡¯s widely accepted that unscrupulous bankers tricked unknowing consumers into loans they could not afford, leading to the financial crisis. No doubt, plenty of that occurredunderscored Wednesday with a $1 billion federal suit against Bank of America¡¯s mortgage arm Countrywide Financial.
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None of this minimizes the foul play of bankers as detailed so masterfully in Michael Lewis¡¯ The Big Short.
:À̰͵é Áß ±× ¹«¾ùµµ ¸¶ÀÌŬ ·çÀ̽ºÀÇ ¡®the big short¡¯¿¡¼ ¿Ïº®È÷ ¹¦»çµÈ ÀºÇà°¡µéÀÇ ¹üÄ¢ ÇàÀ§¸¦ Ãà¼Ò½ÃÄÑ ÁÖ´Â °Ç ¾Æ´Ï´Ù.
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¡°The big short¡±
¤ý¸Ó´Ïº¼ÀÇ ÀúÀÚ·Î À¯¸íÇÑ ¸¶ÀÌŬ ·çÀ̽ºÀÇ Àú¼.
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¤ý¸ð±âÁö »çÅÂÀÇ ÁÖ ¿øÀÎÀ¸·Î CDO¸¦ µé°í ÀÖÀ½.
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Indeed, the suit against Bank of America charges that the bank¡¯s home loan program, known as ¡°the hustle,¡± was designed to churn out mortgages without proper checks.
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The bank would collect fees and sell the mortgages into the secondary market.
:´ç ÀºÇàÀº ¼ö¼ö·á¸¦ ¸ðÀ¸°í ´ãº¸¹°À» 2Â÷ Áõ±Ç ½ÃÀå¿¡ ÆÈ·Á°í ÇßÀ» °ÍÀÌ´Ù.
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The government alleges the program was ¡°intentionally designed to process loans at high speed and without quality checkpoints, and ge