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Dow Sinks 226 on Mortgage Market Worries
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[QUOTE]Originally posted by ohio_trader: [QB] within 10 years your loan will most like go through the government, thats the way they want it, absolute control, no competition wall street journal last week...80% of mortgage lenders form 1 year ago are no longer in business....WOW 80%, can you imagine this drastic change in any other large industry within 1 year THIS IS GOING TO SEVERELY IMPACT THIS COUNTRY ! and it is not nearly over Freddie Mac and Fannie Mae are getting crushed there will not be as many new homeowners in the future, nor ever again probably in this country! our dollar is getting worthless, and big business is crumbling ie general motors wrote off $39 billion last week THIRTY_NINE BILLION DOLLARS- how will they recoup that? and the midwest like other parts of the country are in ruin! good job by the federal and state and local governments/and corporations- this country is one flush from going down the shi**er for good Happy Thanksgiving ! [/QB][/QUOTE]
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