http://www.forbes.com/finance/invest...rss_popstories
Quote:
A quick dollar devaluation would work wonders for submerged borrowers. Don't kid yourself: It could happen.
What began as government social tinkering--with implied threats to banks and mortgage companies to extend home loans to even the most marginal of borrowers--led to a greed-blinded mortgage banking business and the meltdown we are experiencing today. Now we are asked by the same congressional leadership to go along with taxpayer-funded bailouts of the very banksters who, while making millions, created the mess.
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Damn, so they're starting to slip this into the mainstream? An experiment of sorts?