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Top 20% of Income Earners pay 84% of Income Tax
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Quote:I'm not saying no regulations was the option, I'm saying the market was created by legislation. The banks had never entered the sub-prime mortgage before because they where BAD loans, they knew it, everyone knew it. Writing bad loans is how banks go out of business, it wasn't until the Feds mandated a percentage of the loans be sub prime and then they would guarantee those loans that the market developed. http://www.washingtonpost.com/business/w...ory_1.html
I was wrong about Trent Baalke.
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