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Politics : Politics for Pros- moderated

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To: goldworldnet who wrote (271237)	9/29/2008 5:05:25 PM
From: KLP	3 Recommendations Read Replies (1) of 793939

Robert's link says it more than our House Speaker and leaders can....and that from the UK... This is an entire World problem....and caused primarily by politicans who haven't wanted to be other than PC, give people something in exchange for votes, encouraging people to purchase more house than they could afford, and then excuse them for not paying their lack of down payment, and lack of mortgage payment on their property. Credit is the BLOOD of our economy, and payment of that loan is vital for the United States as well as the entire world.... Maybe President Bush should reach into all communities, pluck out the people who just don't understand what this is all about. Have them ask the questions to him, and to Congress, with a Fireside Chat format. Message 25006135 "The interbank market has collapsed," said Hans Redeker, currency chief at BNP Paribas. "We're now seeing a domino effect as the credit multiplier goes into reverse and forces banks to cut back lending to clients," he said.

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