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12 November 2008 01:28:19 AM

More "Homeowners" in denial on falling values

Then there are some who just needed or wanted a home and happened to buy at the wrong time at too high a price. Now the bubble has burst on home prices and people are having a hard time adjusting to the new reality of falling home prices. Perhaps they shouldn't have been sold these overpriced homes in the first place by greedy investment banks who are now also getting a bailout from the taxpayers. This is all very irrational and was bound to happen by bad design! So now Freddie Mac and Fannie Mae are going to offer 100,000 homeowners new terms when 4,000,000 homes are getting ready to be foreclosed, so what about everybody else? These really are more signs and everything is connected!

Tags

Housing-Crisis-Meltdown Mortgage-Mess Wall-Street U.S.-Economy Holy-Bible Endtimes-Signs

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