Today I was invited to attend a home buying seminar for some folks in Tyler Texas. The general consensus was if the administration is putting all this money into the Banks and such, why are loans so hard to get? Why are property values still dropping in parts of the country? Followed by why didn't they take the money to the people instead of the big Banks and Automakers?
I had no answer.... NONE!
With the money the administration has put up for the Banks and Car companies a check for $7500.00 to each and every 300 million man, woman and child, in the country could be written. That's $30,000.00 for a family of four.
House payments would have been caught up, cars would sell and the economy would have been fixed over night.
SO NO, I can't answer those questions, the administration is just way to smart for me!
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