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California county plans to seize underwater mortgages. Resell for profit. (agbeat.com)
10 points by uptown on July 11, 2012 | hide | past | favorite | 1 comment



I don't know that much about this, but it's kind of annoying to me to see the frequency with which governments are protecting people from the negative consequences of their own decisions. I have the vague sense that this happens more than it used to "in the good old days". But I also know that those days are rarely as good as people remember them. Is there any truth to it?




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