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To: Moonman62

And you want to lower rates to keep your gravy train running despite the long term damage to this country’s economy. Banks made tons of loans to people who had no earthly business so much as being loaned a pen to fill out the app. Banks stood to reep the profits, no let them suffer the losses. It is time for sanity to return to this and part of that is letting the correction happen, the longer we try to stop it with more cheap money the worse it will be.


72 posted on 08/06/2007 3:02:49 AM PDT by Hydroshock ("The Constitution should be taken like mountain whiskey -- undiluted and untaxed." - Sam Ervin)
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To: Hydroshock
And you want to lower rates to keep your gravy train running despite the long term damage to this country’s economy.

Now you're contradicting yourself. You said the correction is inevitable and I agree at this point. Lowering rates won't change that, but it will limit damage to the rest of the economy and reduce unnecessary human suffering.

73 posted on 08/06/2007 3:57:52 AM PDT by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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