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Posted by: SFCGuyW 9 months ago
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SFCGuyW9 months ago
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"The irresponcibility of a few states"? The irresponcibility lies with the banks and with the Wall Street experts who kept telling people that the economy was strong and that they advise even poor families to purchase a home. The banks then jumped in to tell these potential buyers that their purchases are safe and there is no danger in buying. Now, with Bush's economic bail out and Obama's economic bail out, Wall street has gotten over 90 billion dollars in bail out money, Lehman Bros and other strong firms have gone bankrupt, the banks are closing left and right with the large banks being giving tens of billions of bail out money & yet these failures are bitching about the 9.5 billion slated to help people keep their homes. Remember, not only have poor and middle class buyers lost homes to forclosure, but multi-millionairs have also lost homes for the same reason. This is no one person or groups fault - it is all of our faults for allowing such excess to be pushed by govt and big business and Wall Street. We did virtually nothing to force the govt to listen to reason - we just basked in the good times.
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