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Date: | Fri, 27 Feb 2009 20:39:29 -0800 |
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Craig Lalley wrote:
> I am sure everyone knows how I feel about the bailout/stimulus.
>
> If not, I personally think it is the largest bank robbery in history, [...]
(yeah, it probably is...)
> So, I thought I would do a little checking for foreclosure rates.
>
> This is the .... WORST counties in the worst States.
>
> Neveda 1 out of 63 housing units
> California 1 out of 58 housing units
....
> The worst county in the US 1 out of 58, or 1.724%
....
> This is not counting the monies they would receive from the homes they sell...
> Somebody has some splaing to do.
Well, you are somewhat in luck -- not two hours ago I stumbled across
this video that explains the "credit crisis"
http://www.vimeo.com/3261363
but I'm not sure if it will let you sleep any better at night -- given
what you mentioned above, the video could be considered propaganda to
support the need for a bailout (though perhaps in a somewhat perverse
way) but I think it shows how the bankers/wall-street, and perhaps even
the consumers all "conspired" (without necessarily realizing it) to
create this death-spiral...
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