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Post by Jeff Nelson on Oct 14, 2008 10:18:10 GMT -5
Does the $750 Billion rescue plan give you confidence about the real estate market? Today the President announced that $250 billion of it would go directly to the banks for immediate deployment of new mortgages.
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Post by Jimmy on Dec 18, 2008 18:55:01 GMT -5
The 750 Billion gives me confidence the corruption will only heighten. Until strict oversight is given to such a corrupt industry the industry will only continue to abuse it's handout.
They are issuing the credit card companies lots of guidelines, penalties, and oversight....that would give me more confidence in the real estate/mortgage industry than a handout if they would do the same sort of thing there....especially implementing criminal charges for those that take advantage of those that purchase ...ruining their financial lives forever.
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