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Detailed text transcripts for TV channel - FOXNEWS - 20130912:17:19:00

they have gone around and presented it to a number of cities to try to get them to do it. the others so far have not done it. it will not get through the cowers. court costs are tremendous and they looked down the road and seen the danger to homeownership in the future. it is a dangerous, and bad idea. no one i talked to today did not agree. the homeowner loseses control of the home and it is ripped away from them and they have letsz say over their financial swapgz. in the short term they are for it because they see themselves getting a better deal and principle is reduced and they are angry at the current bank and they want a loan reduction and reworked. i understand that emotion. but in the long run it is a terrible ordeal for the homeowners in the country. and thank you for explaining.

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