Check out this photo...
LOL
LOL
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How come nobody is blaming the Shmuck that pulled in a solid 40k/year and thought he could afford a $400,000 house.
Lots of people screwed up, and it started with people buying things they knew they couldn't afford.
I see what you are saying but don't know why you figure the government needs to be taking things from one group to give to another. Something seems wrong with that.
Check out this photo...
LOL
<http://docs.google.com/TeamPresent?docid=ddp4zq7n_0cdjsr4fn&skipauth=true&pli=1>
This will explain it.....
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I still say let the market correct itself. Those that got arms can either refi or lose their homes. that is the way the system works. if enough people lose their homes the price of homes will come down to accomodate their income. That is the way the free market works. if the government steps in and bails these greedy azzes out AGAIN nothing will change. We have got to stop being mommy to the banking industry. LET IT CRASH. from the ashes will grow a stronger system. Just look at history. The last great stock crash. America came back stronger than ever.
once again, well said
Ollie for President!