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Loan Modification

: Mortgage Lender Implode-o-Meter

Bob Chapman on Radio Liberty

By Implode-Explode Heavy Industries

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"When government interferes with free markets they cease to work properly. Measures that interrupt and manipulate distort markets on a short to intermediate basis, but the final result is never in doubt. Things are altered but only little changed. What is serious about intervention is that it breaks the social and political contract between government and the people. This is the type of social engineering and pragmatism espoused by John Maynard Keynes, which brings us to where we are today. If Keynes were still alive he would witness the failure of the system, he was instrumental in creating it."

Full post as published by Mortgage Lender Implode-o-Meter on August 21, 2010 (boomark / email).

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