Who doesn’t want a bailout? Irresponsible real estate speculators, homeowners who bought homes they couldn’t afford, Wall Street executives who played fast and lose with other people’s money, all while your Government encouraged this kind of activity in the name of economic egalitarianism.
If you listened to economist Ed Guay this morning (listen here) you heard first hand how we got into this fix. Reckless lending in the private sector, encouraged by a quasi government agency that lobbied Congress to look the other way while encouraging people who couldn’t afford homes to buy and speculate in real estate … I will be providing other links as to the genesis of this whole thing as the day goes on.
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