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Originally Posted by Eric5273
Don't fool yourself into thinking that their goal is to bail out the poor people who are losing their homes. The goal here is to bail out the mortgage companies who are in danger of going out of business if there are too many forclosures. As is usual for Washington politicians, they don't give a crap about normal people, but they care deeply about the big corporations who donate millions of dollars to their campaigns.
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What's wrong with that? It is the mortgage companies that make up a HUGE chunk of Wallstreet which is where the world gets its money (cough cough, oil and gas wouldn't cost nearly as much if it weren't for futures trading).
It's those large banks that keep the world going. You don't think BMW has a couple 100 loans out? Or any major business for that matter? Everything revolves around loans now, houses, health care companies, banks, cars, fuel, food...everything. To let it fall apart would doom the whole modernized world.
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An unwavering defender of those I see worth protecting.
"promote the general welfare, not provide the general welfare"
We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.
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