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Let me get this straight. I loan you $250,000 so you can buy a house, and you put up the property as collateral and agree to make monthly payments. You end up not being able to make the payments, and I threaten to take the house back. BUT WAIT--Barney Frank says I can't? I have no right to be paid back? Where will the incentive be for the banks to loan to the rest of us??
Frank threatens banks to stop foreclosures
Labels: Money, Political Observation, Theater of the Absurd
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