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Posted by: STONERS 1 year, 2 months ago

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STONERS1 year, 2 months ago

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"The plan would spend up to $700 billion, most of it on buying deeply devalued mortgages from the housing market's collapse and other bad loans held by tottering banks and other investors."

"The aim is to prevent credit from drying up and causing a meltdown of the U.S. economy."

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  jordan111 year, 2 months ago
  
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  "The aim is to prevent credit from drying up and causing a meltdown of the U.S. economy.">>>>>
  
  As it already has dried up, they'd better hurry up!
  
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    Endoscopy1 year, 2 months ago
    
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    That is why the bill was worked on over the weekend. Normally they have a long weekend off.
    
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    mivan41 year, 2 months ago
    
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    And to see where this problem came from watch this all of it for complete understanding
    http://www.youtube.com/watch?v=H5tZc8oH--o
    
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      Goppy1 year, 2 months ago
      
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      HA!!
      
      I LOVED it!!
      
      It was the funniest spin I think I've ever seen. Whole sections of history .... ignored!
      
      You know, now that I think of it ... this is kind of sad ... sad how some try to partisanize this issue.
      
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  mark-stevens1 year, 2 months ago
  
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  look up bailout /illegal immigration, it will stun you to find out that selling houses to illegal immigrants was a huge part of this problem
  
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  ind061 year, 2 months ago
  
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  I'd like to congratulate my friend STONERS for putting up a post about this subject featuring a headline that is NOT rife with political demagoguery.
  Hey, check it out! "Demagoguery" is actually a word! I should've said "demagoguerism" :D
  
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