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Under what circumstances, if any, should mortgage lenders who abandon traditional practices - leading to foreclosures and toxic assets - be held criminally liable for

Under what circumstances, if any, should mortgage lenders who abandon traditional practices - leading to foreclosures and toxic assets - be held criminally liable for their conduct? Should borrowers who falsify their income to obtain mortgages be prosecuted? What if a borrower pays a loan for a few years, loses his job and defaults?

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