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Guess what. The internet will be running, and people will be working at MSM money. TV stations will be operating, along with thousands of other businesses. If no one shops, dines out or watches a movie or TV show then complain.
It was not caused by lenders intentionally making loans which could not be paid. It was caused by regulations requiring them to change their requirements for income AND DOWN PAYMENTS TO ALLOW MORE PEOPLE TO ENTER THE HOUSING MARKET.
Also notice how there is no different plan in place for a 100% loan and one where 10%...more