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: Instapundit.comUH OH: Ready for the Mother Of All Bailouts? ?The FHA is on the hook for lots of ?underwater? loan?
By Glenn Reynolds
UH OH: Ready for the Mother Of All Bailouts? “The FHA is on the hook for lots of “underwater” loans, taken out by low-income homeowners who got special low down-payment deals and — in case you didn’t notice — unemployment hit a 26-year high in August, with no prospect the 9.7% jobless rate will go down any time this year.”
Full post as published by Instapundit.com on September 05, 2009 (boomark / email).
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