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re: Mortgage delinquencies surge by 1.6M in April, the biggest monthly jump ever

Posted on 5/21/20 at 2:20 pm to
Posted by The Spleen
Member since Dec 2010
38865 posts
Posted on 5/21/20 at 2:20 pm to
Sounds like a good time to bail the banks out again and leave the taxpayers to pick up the pieces.
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167506 posts
Posted on 5/21/20 at 2:25 pm to
quote:

Sounds like a good time to bail the banks out again and leave the taxpayers to pick up the pieces.



This time is different in that the banks don't need bailing out but the people do. The banks and the people were to blame last time which is why bailing them out was met with such outrage. This time they were forced into their current status by Gov overreach.
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
134887 posts
Posted on 5/21/20 at 2:27 pm to
quote:

Sounds like a good time to bail the banks out again and leave the taxpayers to pick up the pieces.



To be fair, the banks (with the pressure from the feds) created the last problem.

The fed and state govts are squarely to blame for this one.
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