Please help support WRH by visiting our advertisers!

THOUGHT FOR THE DAY!

" One in 10 chance perhaps, but save Chile! ... not concerned with risks involved ... $10,000,000 available, more if necessary ... make the economy scream."-- CIA Director Richard Helms, discussing plan to destabilize government of Chile under democractically-elected President Salvador Allende

 

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."

Comments

higher interest rates.

poorrichard

Higher 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.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.