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Another Day Older And Deeper In Debt
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This has all the signs of trouble: Massachusetts is going to dole out up to $50,000 in interest-free loans to unemployed homeowners to help them pay their mortgages, as part of a $1 billion federal program. More loans to people having problems paying the ones they have? And without modifying the original loans? Yeah, could be trouble. (Boston Globe; Thanks to Dave Elliott at WGUF/Naples-Ft. Myers for the link)
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