Thread: Mad as hell - taxpayers lash out
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Old 09-22-2008
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oldhardhead oldhardhead is offline
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Default Re: Mad as hell - taxpayers lash out
Even the "progressive" libs blame Clinton:

Progressive Historians: History For Our Future

OK, so after the glass steagall act was repealed and banks can write a mortgage and... who cares if it gets paid? They can package the mortgages together and sell them to "investors". Then "invest" the money they receive...

Combine that with pressure to increase home ownership...

http://www.intellectualconservative.com/2008/09/20/the-glass-steagall-act-and-other-stories/

And when home prices drop...
Liberal Democrats are the Majority in Congress, no worries !

Someone commented a few days ago, I think it was Sassy, how could people borrow money they can't pay back? Do people know how to manage money? Much later, it dawned on me... there used to be a course in schools called "HOME ECONOMICS". Do they still teach that in public schools?
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Last edited by oldhardhead; 09-22-2008 at 04:01 PM.
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