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Subject:  Re: California vs Texas Date:  2/13/2013  4:14 PM
Author:  CCinOC Number:  671437 of 875629

Oops, Texas has stringent banking regulation, enforced by those dastardly banking regulation enforcers in government.

The only thing stringent about TX banking reghulations is they won't let banks lend beyond 80% LTV. You can't borrow your own equity => 80%.

GoofyDoofus just loves him some regulations. Yum. Yum.
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