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January 6, 2009

A California Subprime Quake

A helpful report out from insurer Aon showing that things in California could be worse: We could get a significant quake along the San Andreas fault. As it turns out, the fault is pretty much a bus tour of the most foreclosure-struck counties in California. It wouldn't take much shaking, to Aon's way of thinking, to push those foreclosure/default numbers much, much higher.

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