Rescues for Homeowners in Debt Weighed
This is NOT a rescue for the homeowners. This is a rescue for the BANKS, and is by any other name still the taxpayer-funded bailout I predicted would result.
This is a repeat of the S&L debacle of the 80s, where the insiders got rich, stuck their depositors with the losses, then screwed the taxpayers to make it all better.
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