10-02-2008, 03:03 PM
Kandrathe "I have a good friend who lost his house because he refinanced to an ARM that went up, and then when his wife had an illness, they lost her supplemental income, and they couldn't keep up with payments on their debt load."
It looks like this is what happened to many people.
http://www.alternet.org/blogs/peek/100749/..._coup_right_now
"Do you know why so many Americans are losing their homes? To hear the Republicans describe it, it's because too many working class idiots were given mortgages that they really couldn't afford. Here's the truth: The number one cause of people declaring bankruptcy is because of medical bills."
For those who think this is nonsense, and that there is no tie to health insurance, check out this link:
http://www.consumeraffairs.com/news04/2005...ptcy_study.html
Apparantly, Sabra's post about health insurance deserved more attention then it got here:)
It looks like this is what happened to many people.
http://www.alternet.org/blogs/peek/100749/..._coup_right_now
"Do you know why so many Americans are losing their homes? To hear the Republicans describe it, it's because too many working class idiots were given mortgages that they really couldn't afford. Here's the truth: The number one cause of people declaring bankruptcy is because of medical bills."
For those who think this is nonsense, and that there is no tie to health insurance, check out this link:
http://www.consumeraffairs.com/news04/2005...ptcy_study.html
Apparantly, Sabra's post about health insurance deserved more attention then it got here:)