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citizenbfkfollowshare
2-18-2009 1:03 PM
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citizenbfk says:
President Obama continues to impress and impress. This $75-billion dollars was initially given to the Bush Administration and was going to wind up in the hands of big banks, Wall Street speculators and credit card companies.

Now the money will actually go to reduce mortage rates of millions of homes in threat of foreclosure.

And banks that specifically help do this will get some cash.

And incredible Feudal Age bankrupcy laws that only favored the Lord of the Mannor will not be available to people who own only their one home and live in that home who were previously excluded from this legal recourse.

It's truly incrdible to see such common sense and well targeted actions from government. Under the Bush Administration bank TEN TIMES this amount was given to big banks, Wall St. speculators, etc. with no rules for them to do anything.

Will some folks complain? Sure. Republicans, and those who resent people on the street getting aid.

Efforts to prevent abuses look good. H
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