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Where is the anger over Jubilee cancellation?

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Where is the anger? Rocklin Jubilee cancelled. Thunder Valley expansion put on hold. Businesses closing. Unemployment and foreclosures rising. Rocklin facing a $5-million deficit? How could this happen? How? Don’t ask your elected representatives in Washington how. They will tell you Wall Street caused it. What started with the 1977 Community Reinvestment Act as a way to help some low income families to buy a home soon got blown totally out of shape by members of Congress through several administrations. It morphed into a program where almost anybody with a pulse could buy a home whether they were financially qualified or not. Home values would only increase in value. The financial industry spent tens of millions of dollars in campaign contributions and lobbying efforts in the late ’90s to get the Gramm-Leach-Bliley Deregulation bill passed. This bill, with little or no oversight, and Fannie Mae and Freddie Mac guaranteeing the questionable loans, set the stage for the financial crash we are all living through. Taxpayers are now being forced to foot the bill to the tune of trillions of dollars to try and fix Congress’s mistakes. As usual, our government’s cure for everything is to throw more and more taxpayer money at the problem, and if the taxpayers don’t have enough, they get it from foreign governments who now hold more than $3 trillion of our government debt. Our children, grandchildren and great grandchildren will be paying for this mess for years. Folks, it’s time to let our elected “representative” in Washington know that we are angry at their mishandling of the economy that lead to this financial crisis. Tea bags anyone? Don Perera, Rocklin