The market and housing collapse happened because banks were giving out over-generous loans that were only maturing and never reimbursing the banks back and inflating housing costs, this put pressure on the banks and weakened their stock, so everything began to slowly spiral downward. As the banks felt the pressure of all these old, they had to ra...
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...ve to charities and pretend that these charities accomplish because of their efforts. We spend our days emulating knowledge we took two decades or more to learn. Yet somehow, we still have no passion to leave a legacy and become great. I think our future is bleak, the dreamers are disappearing, innovations are slowing down, and the world is slowly crumbling before us. We can change our destinies and find a brighter future, but if we lack the passion to search for a new horizon, we will never have this chance. It is not the distance traveled that we will remember; it is the steps taken to get there. Until we all take personal responsibility for our fiscal situations, big business and the wealthy will continue to reign over us. I bring this up simply because we are not just nations, we are humanity and we are all scared of what is to come and only unity can save us.
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- There are several ways to solve the foreclosure crisis. First, credit card companies send out way too many credit cards everyday to anyone and everyone. People who have bad credit and many credit card bills still continue to get new credit cards in the mail each day. I worked with a lady who had 6 credit cards that were each maxed out at $5000. She continued to get more credit cards in the mail each day and she would continue to charge on the new credit cards. When I asked her why she did this she said if the credit card companies were going to continue to send her credit cards without checking her credit scores or looking to see that she already had many credit cards she was going to contin... [tags: Foreclosures, Credit Cards,]
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1335 words (3.8 pages)
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1444 words (4.1 pages)
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