Trade Policy: Funding firms in flip throw cash at mortgage brokers and banks providing dwelling loans. The one focus was to construct homes at break neck pace and fill physician loan wv them with anyone with a pulse to insure the continuation of the international funding income stream.Well... guess what? Hattie\'s adjustable charge mortgage ballooned to twice her salary. Hattie defaults on her loan. Secondly, the value of these unique triple A security investments held by physician loan west virginia our associates in Europe start to tank. European buyers start dumping their plummeting securities and the income stream dries up. American banks, now with out an outside cash flow, cease lending cash to consumers. The economic system slides into the gutter. Nevertheless, there is yet physician loan TN another group of gamers in this drama. A small but insightful group of buyers acknowledged the faulty foundation during which these securities had been built. This identical group of savvy buyers bought derivatives or insurance coverage, primarily from the AIG (American Worldwide Group) Company, to be collected in the occasion of a decline in the security physician loan Tennessee value.Effectively, we all know the remainder of the story. The securities tanked. The savvy derivative buyers hit the jack pot and now AIG has to get bail out cash to pay these identical buyers off. Now, President Obama comes on the scene. In every sense, he is now being handed a bag of cow dung as flour and not solely asked to bake a cake, but, to also make certain that it has a beautiful flavor. Effectively, he can modify the mortgage so Hattie can afford to pay her mortgage -- or he (the government) should buy Hattie\'s dwelling and cost her lease i.e. a modern day housing project. Clearly, this housing scheme rivals the magnitude of the Madoff ponzi scheme. But now that we have put the economic crisis in perspective, I believe that it\'s imperative to offer pragmatic and sound options to this monumental challenge.

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