"Babacan: Turkish mortgage system will avoid traps of US mortgage system
State Minister and Chief EU Negotiator Ali Babacan has noted that Turkey is engaged in the quest for a mortgage system which will not 'fall into traps like the one in the US.'
Said Babacan 'I have been involved in many debates with regards to trying to bring about mortgage laws in Turkey which will be prudent and stable, and which avoid falling into some of the traps of the US mortgage system.' "
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