MyFoxPhoenix

Now I want to tell you something else about that news conference. There was something on there about bailing out all the people who got those bad paper loans, I don't believe that will be possible. The problem is I think there are too many of them and they are in hock for too much money. There are a potential for billions of them. And because the value of their house was artificially inflated they could be in debt for trillions of dollars. The thing to do is to try to help the end lenders to the amount that they were hurt by the bad paper loans. But those lenders would have to be able to prove it. That is they would have to prove that they were hurt and the exact amount involved. That would keep them afloat and keep some mortgages available.

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Something Else About That News Conference

NM62

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