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The Columbian
In Our View: Assault On Savers
People are already treating their home loans like checking accounts. Has that worked out? No. The housing market is collapsing and the freedom to borrow large amounts of money from all the wrong sources is likely to adversely impact responsible borrowers and taxpayers, not just those who have been overly optimistic about and irresponsible with their money. The American experience with credit card debt and the common practice of draining equity out of homes should be all people need to throw a...
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