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Radical bailout plan has a jawdropping price tag
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[QUOTE]Originally posted by glassman: [QB] well, that was why longer than 5 year ballons would be needed... it would have allowed people to sell or refi to normal loans in an orderly fashion, and the RE market would have had some abiltiy to predict how the future looked in temrs of prices... yo are correct tho, it would have drawn out along period of recession. it could have allowed alot of families to avoid the personal crises but not rewarded them financially.. it's too late now anyway... we are rapidly approaching a national (govt) deficit of one year of GDP... that is unacceptable too... esp if Tbill yeilds go up alot... [/QB][/QUOTE]
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