Although many banks and businesses have realized that they don't want the FED on their board, and don't want the scrutiny that comes with owing uncle sam (tom?) money- AIG still wants more. http://www.marketwatch.com/story/geithner-paulson-defend-182-bln-aig-bailout-2010-01-27
Apparently, we're showing signs of economic growth, and many companies are paying back the money loaned to them. I guess I just wanna know why foreclosures are still a problem if everything is ok?
I mean, since everything is fine then we should be done with foreclosures for a while, right?
Someone has to know the "number." someone's got to know exactly what it would take to keep another forclosure from happening (say-over the next 2 years?) . What I think is that since big biz has been bailed out, and it is becoming unpopular on the hill to incur more debt- we're just going to forget about all those overpriced loans and let more people lose their homes.Don't get me wrong, I'm not a fan of gov handouts, and I don't think our government should go any further into debt than it needs to- but I just want to know where the money went- and why we feel like everything is ok now.
http://latimesblogs.latimes.com/money_co/2010/03/fed-bailout-details-banks-bloomberg-court.html
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