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POPSChaos on Wall Street: How Your Tax Dollars will resolve it Yup - of course - the taxpayer will get stuck footing the bill for this and all those that made the hundreds of millions as CEO's and such will walk away untouched. Meanwhile, a large percentage of people will get to hang on to their houses at taxpayer expense as well. So when you pay your taxes, remember you are paying for a second home - just not one you own or will ever get to live in.
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POPSTruckers ‘going broke’ and threatening to strike I am betting the Fed's will try to stop a trucker strike. You figure even 1 day of 80%+ striking will create another bad ripple in the economy. During a normal economy it would not matter, but with the one we have now.
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POPSWhat Created This Economic Monster? Interesting, this is the same guy mentioned in this LA times article in a different context. http://www.latimes.com/news/printedition/front/la-fi-foreclose22mar22,1,5643343.story
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POPSCalls grow for U.S. to bail out homeowners, prevent foreclosures Yeah - great way to spend our tax dollars. If people were dumb enough to live beyond their means, that is there problem. There are plenty of rentals out there. No one said they need to own a home. I feel bad for the ones tricked into refinancing, but again - should not be our tax dollars used to fix their mess.