Tuesday, August 28, 2007

Washington Explores Help for Those Who Can't Pay Mortgages (US News & World Report)

"Liquidate labor, liquidate stocks...liquidate real estate. It will purge the rottenness out of the system.... People will work harder, live a more moral life." That was how Herbert Hoover once described Treasury Secretary Andrew Mellon's unsympathetic attitude as the Great Depression began to unfold.

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[Source: Yahoo! News Search Results for mortgages]

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