I am not a financial expert but this whole thing is beginning to look like a crisis manufactured for political (read socialist) gain”
Dodd is all over this. So is Frank and Pelosi. So you know they are corrupt, and this is big gains for socialism. Democrats declared all out war against the Middle Class with this bill
The financial problem of thousands of deadbeat mortgages when housing prices have fallen is real.
The extent, and more important the timing of this crisis is certainly manufactured for maximum gain for the liberals. Depressions or imminent depressions are excellent news for the Democrats.
If this bailout were to include underwriting requirements as far as income/down payments/location for future mortgages, the idea would certainly have merit. But the liberals are loading up the plan with socialism as they are almost its hoping to fail so they can blame it on the Republicans.
but W H E N did they write this? I thought they were out yesterday for the Jewish holiday-was this “new” bill in their desk drawer?