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Old 11-10-2008 | 06:33 PM
  #148  
Eric Stratton's Avatar
Eric Stratton
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Joined: Nov 2005
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satchip,

How much did the drop in interest rates have on the price of homes sky rocketing? That was being pushed by Bush.

There is alot money is being sucked out of the economy going to pay for those inflated prices?

For the loans that are going bust now do you know when they originated or what kind of loans they were? I'm interested in finding this out. A real estate agent friend of mine said the majority of them originated in the last 8 years and had balloon payments.

Weren't the republicans in control of congress at the time when clinton strengthened the Community Housing Reinvestment Act. Clinton gave into something they wanted and the republicans gave in on this. I've heard this more than one time. That's really where both parties share the blame.

Eric

To keep it from getting closed, good luck with your merger.
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