There's 90 banks that are in trouble, but there's probably more than they're saying. This sounds like the Big Depression. It's hard to believe that those banks gave mortgages to people with no income, no collateral and no money for closing costs and down payment. I wonder if the banks were given instructions to give anyone a mortgage from Wahington? When I bought a home with a VA loan I had to show 1040's for last 2 years to show income and get a statement from my employer stating how long I had been employed and if I had career status. Hal
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Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
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