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May 10, 2008

Government-backed housing bailout badly needed

“High rates of delinquency and foreclosure can have substantial spillover effects on the housing market, the financial markets and the broader economy”

A government-backed mortgage bailout is needed, and it must be done right away. Before shouting about all the reasons why taxpayers shouldn't rescue the profligate who took on more debt than they could handle, ... via Daily Herald

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