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To: PatrioticAmerican
I have heard foreclosure rates of 3.5-7 percent and a county number that says 23 percent of all homes are at least one month behind in mortgage payments, and 7 percent are at least two months behind. Banks are providing new financing to keep people in their homes as a high foreclosure rate kills banks.

What does that financing look like?

Many of my friends have lost jobs, homes, marriages are dissolving...children are being hurt.

10 posted on 04/24/2003 7:29:45 AM PDT by Starwind
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To: Starwind
The rich are getting richer... and the middle class is getting poorer. Classic stratification going on right now. Sure, completly free trade and open borders improve the economy long term... no doubt.... but the wealth becomes consolidated in fewer hands. free trade = much greater wealth for a few = poor working class.
11 posted on 04/24/2003 7:33:07 AM PDT by StolarStorm
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