Great. Taxpayers now own banks, investment houses, probably an auto company or two before long, and the British have shown that, despite having lost their empire, they still know a thing or two about handling a financial crisis that the U.S. and others can take lessons from…
But does this mean that people who were on the cusp of being kicked out of their homes are all of a sudden safe –if not sound–once again?
The wolf may not be at the door, but he is still lurking just around the corner, for sure.
We keep being told that these massive government measures are aimed at helping Wall Street as well as Main Street–and, to some degree, this is certainly true.
And yet, we still do not have a firm plan in place that has as its primary purpose the preservation of home owners facing foreclosure. The housing plan passed earlier this year […]
Original post by Charles Feldman and software by Elliott Back
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