It wasn't big news and still is unheard of today for one reason: no government involvement.

Here is part of the Declaration of Independence, which, by the way, is NOT law.We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.

The commercial sector is starting to get hit pretty hard, so there will be some relatively good deals out there.

In fiscal 2008, the government insured about 6,700 of the 203(k) loans.

An example of such a fundamental change would be the government no longer allowing a the tax deduction on interest or no longer allowing depreciation.

I'm not talking about just Europe, I'm talking about the world and governments all over the world stealing money via taxes from their people, which is why I brought up Cuba.Cash for clunkers is just one example of govt theft via taxes.Jeff

Obama believes government is the answer to societies ills.

"The Chinese government is always trying to seek a more ideal way to invest in U.S. assets rather than purely buying U.S. government bonds all the time," said the source.

This was enough to qualify for a government loan and the 7500 cash back.

What went wrong was the government interference from the very start.