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Old 05-28-2009, 07:58 PM
DieselAddict DieselAddict is offline
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Join Date: Jan 2003
Location: Reno/Sparks, NV
Posts: 3,063
Job losses, health care bills, and adjustable interest rates that went up are the main causes of the high foreclosure rate. One pretty good idea that I heard about on PBS and that one community organizer in Massachusetts is helping people fight for is letting the banks foreclose and sell the house at current market value back to the original borrower, which they are reluctant to do because it rewards bad behavior they say. True, but that's rather hypocritical coming from the banks. And it would be a good solution to the foreclosure crisis. That and having govt-funded health care, which would stabilize everything.
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2004 VW Jetta TDI (manual)

Past MB's: '96 E300D, '83 240D, '82 300D, '87 300D, '87 420SEL
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