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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Hawkmoon who wrote (8195)8/27/2007 9:04:28 PM
From: Augustus Gloop   of 33421
 
They had no problem riding the wave in .... they get to ride it back out as well. See, there's a point where a decline in value makes even the most responsible of borrowers look like they're living beyond their means. Local government should do no better than the market they serve.
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