This explains alot about the end of First National Bank of Arizona

by John Wake on July 29, 2008

“A specialist in lower-quality “Alt-A” mortgages, the company eventually was hit with lawsuits alleging it had failed to document borrower qualifications on bad loans that were sold to Wall Street investors.”

From Russ Wiles, Arizona Republic.

But Dad, all the other kids are doing it!

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