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FLASHBACK - Housing bill will 'bail out lenders' - Bush
President Bush said Thursday that he opposed the foreclosure prevention legislation that Senate Democrats have introduced.
"The Senate is considering legislation that would do more to bail out lenders and speculators than to help homeowners keep their homes," he said. "The Senate bill would actually prolong the time it takes for the housing market to adjust and recover, and it would lead to higher interest rates."



Click for torture scandal links
Dead because of a lie. Dead because selfish people in government wanted a war and lied to get one. How can you not be angry?



Comments
higher interest rates.
poorrichardHigher interest rates are good for the people of America who have savings in a bank..They get the much deserved interest on their money. High interest rates are good for normal people who save their money, but bad for the scumbags that make a living off of borrowing other peoples money to be repayed later in devalued dollars
These scumbags are the financial sector of the economy that produce nothing but debt. They multiply their losses thru volume, and still make a profit, because debt can be leveraged much more than assets.
The world has gone fuckin' nutz.