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Sunday, January 15, 2012

The Foreclosure-to-Rental Screwjob

Mike Whitney, CounterPunch
Whitney writes: "The housing depression continues into its 5th year with no end in sight, mainly because the people who created the crisis are still in positions of power. And, they're still offering the same remedies, too, like handing the banks another blank check to save them from losses on their bad bets. 

That's what this new 'housing stabilization' boondoggle is really all about, bailing out the bankers."
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