This is a response to D-Money’s comments on my last article Government Panic is Killing Us and Our Banks. I was just going to reply to him in the comments section but it ran a little long, so here’s just to you!D Money- I see what you’re saying but let’s also keep in mind that the current housing situation is also the result of the Federal government incentivizing banks in the 1990s and early 2000s to give mortgages to people with no proof of income qualification. And as a result there were many people who didn’t qualify and chose to default on their mort[...]
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[Source: The Money Blogs]
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