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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Broken_Clock who wrote (247616)5/10/2010 5:31:01 PM
From: Bank Holding CompanyRead Replies (1) of 306849
 
comment from that link:

Michael Cohen on May 10, 2:27 PM said: I feel so good about bailing out the incredibly greedy banks and Wall Street with our taxpayer dollars. so we enabled those that helped cause this fiasco to keep their jobs, get continued bonusses, and continue to grow bigger, when they should be criminally liable and in jail!
Had the amount of money spent on the bailout gone to homeowners, we could have paid off one quarter to half our mortgage balances, so far fewer homes would be underwater, the foreclosure problem would be much less of a problem, and the banks would still have received the money. Everything would have ultimately been the same except the taxpayer-home owner would have derived some benefit.
Disaster economics at is worst. Thankyou Chicago School of Economics. Thankyou Bush administration. Never let a crisis go to waste, I can agree with that, but why do the middle class always have to get so screwed?

businessinsider.com
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