Wednesday, January 6, 2010

Debtonation II

...those much loathed and much hated Bail-outs taking with them the [...] Mortgages, of tens of thousands of Americans.


No one holding a mortgage would have cared if it was washed away by the collapse of the bank holding the paper. The bailouts DID protect mortgages- but for the creditors, not for the debtors

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