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Financial Advisor, GTA, Ontario, Canada
Investment, Insurance, Tax & Estate Planning

Friday, December 17, 2010

Housing Bubble Burst: Now What?


This is the first recession going back at least to the end of the first World War where government assistance has not trickled down to Main Street and ordinary Americans.?
Why?
Because the banks are keeping the money and not loaning it back out: So there is no mystery as to why assistance from the government isn't trickling down to Main Street. The banks are not "going to lend a nickel until the economy turns", and yet it is impossible for the economy to turn until the giant banks are broken up.

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