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WinLoseOrDraw

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WinLoseOrDraw

Re: KCMW post# 80156

Thursday, 10/09/2008 12:59:28 AM

Thursday, October 09, 2008 12:59:28 AM

Post# of 147246
Yeah, that was me re: 30 year mortgages. We have not yet seen the fallout from all these long term fixed rate mortgages - SOMEBODY is going to be left holding the bag when rates go back to double digits. And it'll be someone(s) big, which means there'll be yet another bailout of mind-boogling proportions.

The other opinion I hold that gets me in a lot of trouble is that believe FDIC insurance should be REDUCED 5-fold, not increased to levels that are completely meaningless to the vast majority of Americans. I'm (more or less) ok with taxes being "neutral" rather than "progressive" - but FDIC as it stands is an incredibly regressive tax and with that I do have a serious issue.



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