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10-10-2008, 11:34 AM
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#11 |
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Radical Centrist
Join Date: Jan 2001
Location: Cottage of Prussia
Posts: 31,423
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The greedy* homeowners that took ARMs are now again being greedy* by defaulting when their home loses value, instead of just sticking with the program and paying until things get better.
*in this context, "greedy" means behaving pretty much like everyone else in the culture. |
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