Risking Unemployment
Unemployment is climbing and is rather bound to get worse. The 2 huge banking bailouts followed by the “Main Street” relief aimed at troubled mortgages will not solve the problem. By bailing out the banking industry, that had become a bit of a ponzi scheme attempting to leverage itself to heaven, the gold bricks have been left in place. The rescue of Ma and Pa Mortgages is well and good, but the future payments are still going to be a problem.
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Labels: bailout problem, unemployment rising
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