I choose to focus my advise to the federal government on Foreclosed homes, which are bank owned homes because I think that foreclosed homes has alot to do with the market. I believe the Thesis of this article is that Foreclosed homes are happening more and more now, and they are affecting the market. My Class Connection is that I think that foreclosing homes has a lot to do with the downfall of the market these days and that the banks are at fault for the foreclosing homes. My advise to the federal government would be for them to pass a law to the banks which only allows banks to lend out loans to people, companies, etc, who are able to put at least 25% down, and they have to be able to show that they can pay off the loan. I believe that the banks lack in the rules on giving money out to people carelessly to this financial mess.
My personal responce to this is that I still do believe that the market will get worse in time but it will also get better, it will be like a rollercoaster. I believe that the banks lack in the rules on giving money out to people, carelessly to this financial mess. The foreclosed homes are happening all over across America and it's at the banks fault, they are the ones who caused this problem.
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