Wednesday, February 18, 2009

Mortgage "Moral Hazard" Plan

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2 comments:

  1. Another good post.

    Don the libertarian Democrat

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  2. This is so true it makes me sick to my stomach. Once again we are using money in a way that is:

    1. Not going to fix the problem
    2. Increase deficit and lead to massive devaluation
    3. Punishes responsible people

    I wonder what the government is going to do once inflation kicks in and pensions/social security become worthless? We can't afford out current social security debts. How are we going to pay for the increased payments that will be necessary due to inflation?

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