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We Tracked the Last Time the Government Bailed Out the Economy. Here’s What to Know About the $1 Trillion Coronavirus Plan.

Never in U.S. history has there been a moment like this: Trillion-dollar proposals are pouring forth from Capitol Hill in a mad bid to save the economy from the ravages of a pandemic. On the other hand, 2008, when toxic mortgage assets made “bailout” a political buzzword, wasn’t so long ago. Back then, Congress, to …

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Federal Housing Finance Agency Just STICKING it to Homeowners

by Cora Currier ProPublica, Last week, ProPublica and NPR raised questions about a risky investment strategy at Freddie Mac that would pay off if homeowners stayed trapped in expensive mortgages. It’s just the latest example of how government-owned Freddie Mac and Fannie Mae have frustrated many by not putting homeowners first. Fannie and Freddie are …

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Husband Deserted Me While I Was Being Treated for Breast Cancer. – Wendy

“Dear Steve, Recovering breast cancer, single mom. (Husband desserted me during treatment). Able to buy a house on my own after borrowing from my retirement. In credit card debt over $20,000 now before I realized it. Emotionally wanted to make myself and kids happy. Mistake Do these debt bailouts ruin your credit? Can I get …

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I Read Your Book. Is Debt Settlement Really the Way to Go? – Denise

“Dear Steve, I’m trying to determine the correct path to follow to reduce $40,000 in credit card debt. I see so much “marketing” on the internet, media, and tv. I have read your book “Eliminate Your Debt Like a Pro”. From that book and other articles I get the impression that debt settlement is not …

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Consumers More Intelligent Than Automakers Think

“Little Three” Detroit automakers seem to be consumed with fear that people would not purchase a new car from an automobile manufacturer that was or has gone bankrupt and that the fear of bankruptcy is scaring buyers away. I think this just shows how out of touch that Detroit is with the American buyer. It …

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