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colosusc 10:19:43 AM Jun 01 2009
So the bank strategy is to let the storm do it's worse, and then get more money from AIG insurd companies since they got 180,000,000,000,from the gov. Good plan I say, If I were a banker. Of course 180 billion which is acually 180 thousand million dollars would have been enough to give each affected home owner in the 5 states metioned in the article 50,000 each to help avoid forclosure in the first place, but it's not about helping hundreds of thousands of people, it's about helping 100 people at the top of the bank and insurance food chain. when the hurricaine does hit, and it will, the gov will let the insurers walk without paying a penny as usual, but you will still be legaly required to pay them if you own a home. nice huh?