One small but important part of the current economic debacle was the plan to extend home loans to people who cannot afford them. It took less than 8 years for that plan to fall apart...
Monday, March 2, 2009
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One small but important part of the current economic debacle was the plan to extend home loans to people who cannot afford them. It took less than 8 years for that plan to fall apart...
Posted in govt regulation, market intervention by John Wiley Spiers
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1 comments:
i think where it started was when houses became unaffordable to many people - Ford had it right when he started out - build cars his workers could afford. A person working full time should be able to afford a roof over her head - we had couples working 2 full time jobs each and still could not afford a roof over their head & food for their kids - that is a civilization?
chris555@care2.com
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