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The Facts Behind the Coming Congressional Mortgage Bailout Bill [view article]
Folks seem to forget the "greed" of the companies who made these loans also was perpetuated by the greed of the stockholders who wanted big dividends but didn't care how they were achieved. Not to mention in the last few years FNMA and FHLMC have been pushed by the government to make more home loans available to low income borrowers which contributed to the problems we face today. How many people across the country have been guilty of "cashing-in" on properties in areas which were known to be overvalued by as much as 80%+ forcing the overvaluing higher and higher till it burst? How many of us shop at Walmart or other big name stores who purchase a great deal of their mechandise from overseas which causes jobs to be lost here and people unable to pay their bills? How many of us find ways to use less oil vs. just throwing up their hands and continuing to drive, etc. as they have in the past which drove up the price of fuel forcing some people to quit their jobs because they couldn't afford the gas to get there?The list of contributors is long and in short there is no one place to point fingers of blame for the crisis at hand, but we all need to be part of the solution instead of worrying about who to hold responsible because in one way or another most of us are. Jul 23 09:14 PM

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