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September 16, 2008


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Interesting, however nothing surprising. "how politics and big money may have contributed to it" - it's not hard to realize they didn't contribute, but they CAUSED it. There is one big problem on our "free" market - the most important price, the price of money, is set administratively. Here is the result...

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During financial crisis investors of all types are recognizing massive losses and being forced to liquidate these securities at significant losses.

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Restrictions may include requirements to purchase home insurance and mortgage insurance, or pay off outstanding debt before selling the property.


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