Foreclosures are now at the highest rate in 30 years, and the bloodletting is still only in the beginning. 500 Trillion dollars of bank money have gone poof, and vanished like a fart in the wind.
Let me just say one word here......
Predatory lending.
Oops, make that two words. My only question here is why the hell are the CEO's of the mortgage companies who ran those companies into the ground coming out of this smelling like roses, with millions of dollars in their pockets, dollars handed to them by the Federal government's hidden welfare program for ****ups?
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