Poor Debt Mortgage
this $ 300 Billion proposal on best of the $ 700 Billion sub-prime related securities bailout….has he converted to getting socialist? Next thing you know he will be asking to borrow from the sovereign funds in China and Dubai….
So Sheeple, are you saying socialism is not risky?
Answer by BO
He shouldn’t have proposed it. He is only trying to solve the mess that democrats designed.
all I have to say is —-
LOOK WHO HE PICKED AS HIS RUNNING MATE!!
a mavericky pit bull with lipstick and nothing upstairs!!
He’s desperate.
Shh… don’t tell the Republicans… Republicans can’t handle the truth… They’ll start calling Obama a terrorist to divert themselves from the truth.
The nationalize bad mortgage debt rescue was specifically a response to those who got sucvked into subprimes without full disclosure while seeing the home values fall below loan amounts. The Fannie Mae & Freddie Mac GSE’s were in fact junk products and loans exceeded actual housing market values. When your financed amount is higher than the house value, you have a juck paper worth nothing. This is the
part of the market that McCain was referring to. FM/FM caused the home values to go to juck, not the home owners.
I am just glad that the Republican’s plan to put our Social Security and Medicare in the stock market was blocked. 1929 would seem like a recession then.
The Republicans did to our country what Al-Qaida could never have dreamed of.