Monday, January 7, 2008

The 2005 Republican Bankruptcy Bill created an Autobahn for all Lenders--congress and dubya are responsible for unleashing banks and brokers

Of course dubya had no clue what he said today but here is what he tried to say--if you have a house foreclosed and it is sold for less than the lender paid, the difference or loss to the lender, is taxable income to you--and dubya said this is not good---but he signed the damn bill--the republican bankruptcy bill of 2005---

and the same 2005 Bankruptcy bill made it legal for lenders for mortgages, credit cards, car loans, appliances, etc., etc., to charge whatever they wanted because the bill says no judge can change the interest rate----and your USA president and congress can scream and yell and point fingers when in fact they are the true guilty parties and were paid back in massive amounts of money from banks and wall street, mortgage and credit card companies---are you starting at all to figure this out?????????

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