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Old 03-19-2009, 01:12 PM
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If it's true, and I have no article to research to try and verify, though I would not put it past these clowns, we need to tax it away from them, as explained by Dana40 article, there are a lot of people to blame here in both parties, but more so then that it was shear greed, to the point that the bank were inventing ways to package and bundle these loans and sell them around the world as something other then what they really were. The same goes for the people pushing these ARM loans to people they knew could not qualify for that loan, sure there's some blame to go to the people taking those loans, but if someone is telling you can buy this house for the same price you are paying for rent, what are you going to do? Well most will get greedy and take the loan, but those who understand the industry should be more to blame, that's not to take away any blame from the person taking the loan, I just consider the professionals more at fault.

Last edited by cobra bill; 03-19-2009 at 05:07 PM..
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