Does Going To College make You A Snob? Rick Santorum Thinks So

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Rick Santorum calls president Obama a snob. The basis of this vile comment is because the President would like all Americans to go to college. This is a great ideal. This is one of the American Dreams.

The big issue for Rick Santorum is whether he would like his children to attend college. There is obvious a conflict. He would want college for his children but not for all American children. He would prefer that other parents encourage their children to pursue a career where they can work with their hands.

Studies have shown that a college degree helps in getting a higher paying job, which could lead to homeownership, and in general, a college education lays the ground work for building assets and a solid net worth.

For America as a nation to be competitive in a world economy, it has to have an educated workforce. Competition is strong. China, Japan, India, Canada, Australia and the UK are all striving to educate their citizens. Rick Santorum would have America compete with these great nations with high school diplomas.

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Big Banks Settle Foreclosure Fraud For $25 Billion: Does This Mean No More Exotic Mortgage Products?

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The mortgage fiasco, mortgage fraud and robo-signing issues have been put to rest. the big banks agreed to pay out $25 billion to those homeowners who were harmed financially. They also promised not to do it again. Well, is this enough? And can we trust the banks?

Homeowners in Miami are suspicious. They took the full force of the housing bubble when it exploded. Even now half of Miami's houses are still underwater with their mortgages. So when the news of the settlement reached Miami residents there was no dancing in the streets.

About $2,000 is all a homeowner in Miami can expect to receive. These homeowners were the victims of fraudulent foreclosures brought about by robo-signing. Moving costs are more than $2,000 for most of these homeowners. It doesn't even cover the security deposit, plus first and last month's rent on rental property.

The big issue now is the amount of foreclosure properties that will be flooding the market. The banks were sitting on the bulk of foreclosure notices. Now that a settlement is reached and they are sure that future litigation is minimized, they can go ahead, full speed, and start foreclosures by the thousands.

For more information on foreclosures and mortgages please visit: House Refinance Center.