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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (490174)6/23/2009 2:49:08 PM
From: Jim McMannis  Read Replies (2) of 1573689
 
Lets say a bank eats $200k on a short sale or foreclosure. (Very common here). What happens to the $200k loss? You really think the banks are going to eat all that and stay solvent? Ask yourself who's backing them? Think, Fannie, Freddie...taxpayer, YOU, ME...Fowler etc.. Ta da.
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