This makes me want to puke. These lenders made a speculation and it was a bad one. Boo hoo. A lot of people do and they don't get a bailout. I lost 24,000 on my 401 so far this year. Am I going to get a "bailout" because I picked risky choices? Maybe a guy started a business but it was a bad location or service and went broke, does he get a "bailout"? Thats exactly what they did, speculated on poor mortgages and lost. They and all the other banks that did this deserve to go out of business. At least when Iacoca got money from the feds for Chrysler in the 80's it was a loan and they paid it back with interest. It wouldn't be politically correct for me to say who is really running this country. And its not either of the two parties.
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Today's Featured Article - The River Tractor - by Charlie English Jr.. This is a 4010 John Deere that was used to farm on the Diamond Island which is in the Ohio River about 15 miles southwest of Evansville, Indiana. About ten years ago, this tractor was parked close to the bank as the river was washing the bank of the island away.
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