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To: estatemakr who wrote (8489)12/4/2007 10:50:39 AM
From: CapitalistHogg™  Read Replies (1) | Respond to of 33421
 
Why penalize those that showed fiscal restraint?

you do realize that when the FED cut rates to 1% they effectively forced people to take on risk...

i'm not saying there should be a bailout just that when we all use fiat currency and credit standards are lowered along with rates to nearly zero, a reasonable person would HAVE too take out a loan in order to keep up with the decline in purchasing power.