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Blog by Julie Emery

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Piedmont Real Estate Blog

Citi and What Lies Ahead

Nov. 24, 2008

Categorized in: Local Market Conditions

Tagged with: bailout, citi, foreclosures, government, homeowners, lenn harley

I like my friend, Lenn Harley's analysis of what's really going on with the Citi bailout.

I'd add this, however. It is in the bank's, the taxpayer's and the government's best interest to help the homeowner.

It's where it all started and you can not staunch the bleeding until you deal with the wound.

Bank's balance sheets will continue to deteriorate as long as home prices continue to fall.

How much taxpayer money will we continue to spend on controlling the symptoms?

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