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  • Has the Bailout Helped? [View article]
    No!! It has not. It amounts to the pulling of the fire alarm lever...every homeowner with negative equity is now running for that exit, since banks will now give it to them...being backed by the Treasury now. This was the dumbest and most unfair thing to do since...um...the federal income tax. Our government just keeps growing and taking another bite out of our freedoms...this time it is economic freedom. We have traded free-market capitalism for short-term $$. We should have let those who bought at too-high pricing take their own hit. The penalty is now going to hit us all in taxes, loss of free-market principles, and particularly those who did hold off on home purchases to wait for what they saw as a needed pricing correction...that is now *not* being allowed to happen (hand raised here).

    I'm am more than slightly miffed at our government and its new-found dose of socialism!! :( :( *|---
    Sep 09 15:25 pm |Rating: 0 0
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