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To: ~digs who wrote (3939)2/2/2008 9:58:59 AM
From: Bucky Katt  Read Replies (1) | Respond to of 7944
 
It sure is. Everyone I talk to thinks the govt is nuts to do this, but what do US taxpayers know?



To: ~digs who wrote (3939)2/2/2008 7:22:05 PM
From: Sultan  Read Replies (1) | Respond to of 7944
 
I guess not every one understand the fundamental of wealth creation.. Live within your means.. May be they don't know what means mean..



To: ~digs who wrote (3939)2/2/2008 7:31:09 PM
From: Grandk  Respond to of 7944
 
We need a paradigm shift here in terminology. Americans are not losing their homes. Americans are defaulting on their mortgages, which is to say, they are not living up to their end of the bargain. These people never owned a home. What they owned was a mortgage, which is an IOU to a bank. And what is occurring is simply a default on debt. They are losing nothing and gaining solvency. In fact, many are gaining much more, including cash that they never should have received in the first place.