Quote:
Originally Posted by Kevin
Pretty much immediately, everyone who made any kind of money and didn't have a lot of savings would have to declare bankruptcy. Want another huge group of bad loans? Pass this legislation!
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Exactly...what about the people that carry a debt load appropriate for someone who makes $1 million+, but not for $400,000? Do we expect them to sell everything they currently own and re-buy at their new salary level? Who will buy the $5 million homes?