Minnesota Gov. Tim Pawlenty recently quipped that if the United States wants to destabilize the economy of a hostile nation, it should load a C-130 with mortgage bankers and dump them over the area from 30,000 feet. The only thing worse than being a banker these days is being a mortgage banker. Trouble is, most of the public doesn’t know one kind of banker from another. Efforts to hold mortgage lenders accountable for unscrupulous practices inevitably include community bankers who never (knowingly) made a subprime mortgage loan. The ramifications of this kind of guilt by . . .
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