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(The Year 2012 In Review)
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|User Info||Here is why the market may jump on Paulson proposal; entered at 2007-12-02 12:16:42|
Registered: 2007-09-10 Scottsdale, AZ
THe sad part is that if someone with great credit wants to get a loan today, they will pay a much higher rate then 5.25%. That is BS in my book.|
This looks like another welfare program for people that are financially inept.
People must be made responsible for their actions. That is the only way this can play out successfully. Letting excessive debtors off the hook while at the same time pummelling those with good credit to qualify for a loan does not send the right message. They again are rewarding the deadbeats and telling Americans that if you are financially stable, you are a fool.