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Don't forget though, there is some equity backing those loans. The bailout is for the guarantee of those loans and do have some value to them (ie: selling the underlying asset). I don't anticipate home values going anywhere for a few years. Especially on the east and west coast.
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"Concentrated power has always been the enemy of liberty" ~ Ronald Reagan
Quote:
Originally Posted by hellblazer
And subigo's stalkerish obsession with the Hannity forums and conservatives in general is fairly disturbing. You get the impression he's sitting in the dark somewhere furiously masterbating to the Hannity threads, his sallow complexion dimly lit by the glow of the computer monitor as he creepily cackles to himself.
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