« Back to story "Bankruptcy Reform is a Bad Solution to Foreclosures"

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philipmcelroy11 months ago

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The Repuplican Bankruptcy Reform(Corporate Welfare and No Responsibility Act/passed around 2003),is one of the primary reasons for the Republican housing market catastrophe. Banks have no responsibility, balances lost on housing loans, are attatched to the original buyer who couldn't and shouldn't have been gived the loans to begin with. Pure Corporate Welfare for the wealthy, dumpted on unsuspecting individuals, for the benifit of the Republican Party.

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