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2010-08-11 — bloomberg.com
"The Obama administration will offer $1 billion in zero-interest loans to help homeowners who’ve lost income avoid foreclosure as part of $3 billion in additional aid targeting economically distressed areas."
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Comments:
catherine at 19:34 2010-08-12 said:
the first Depression was caused by people buying stock on margin THE SECOND ONE IS CAUSED by people buying houses on margin.............. how incompetent when WE KNOW OUR HISTORY to think that the taxpayer could have covered all THOSE STOCK LOSSES IN THE 30s, HOW ARROGANT AND INCOMPETENT to think we can cover all these people's losses in housing.................... R.I.P.....T.H.A.T.....B.A.N.D-A.I.D......O.F.F!!! TRILLIONS of dollars down the rabbit hole....................... strap in = lamedick session will blow your mind............... Permalinkadd a comment | go to forum thread
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