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Strategies & Market Trends : Waiting for the big Kahuna

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To: Real Man who wrote (80508)	7/15/2008 7:58:44 AM
From: saveslivesbyday	Read Replies (2) of 94695

Re: "sir Alan to blame" 20% down and income verification for a home mortgage would have prevented the bulk of the current problems I know that's a bold statement, but as I think about it, much of the world's bad debt/credit is related to giving mortgages to people who couldn't otherwise afford them. In other words, loaning money to people who couldn't pay it back. Who said home ownership was a right, not a privelege? Bush wanted to nationalize home ownership, now instead we will nationalize the resulting bad debt (sorry for the duplicate post on RE board)

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