Politics

Out of context: Reply #1198

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  • joeth0

    Why universal healthcare is important...

    This so-called "collapse" was triggered by the massive defaulting and foreclosures going on with people's home mortgages. 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. Let me state this simply: If we had had universal health coverage, this mortgage "crisis" may never have happened.

    http://www.nytimes.com/2005/02/0…

    joeth 0Permalink
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    • Actually it was triggered by all the derivative financial instruments and their attendant insurance policies built on these bad loansTheBlueOne
    • these bad loans...bullshit from top to bottom...TheBlueOne
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