Relevant:
- The Fatal Flaw In Housing Bailout Plans
- Finland's Basic Income Experiment Starts - Really, It's Testing The Laffer Curve For Poor People
- http://www.housingwire.com/2009/05/19/one-in-four-homeowners-holds-an-empty-piggy-bank/
- China will have to devalue by more than 20 percent; Central Banks Have Failed - Napier
- Fannie, Freddie may cause big credit headache
2008-01-25 — blogspot.com
'What's cruel to homeowners are the work around plans guaranteed to make the participants debt slaves forever. Those bailout plans were specifically handcrafted so that only those with no equity would benefit.
Those "bailed out" may be happy at first, but eventually the participants will realize they are being played for suckers. '
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