Posted December 6, 2007 10:02 AM
by Sabrina Fang
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Where's Bruce with the outrage that govermnent is interferring withthe private financial industry on behalf of consumers, instead of letting people make it on their own, like he did?
Posted by: kb | December 6, 2007 4:06 PM
More government interference in the free market.
I don't believe most of the homeowners were mislead about the obligations they would face once rates changed.
Poor decisions made by individuals are none of the governments concern.
And I don't believe for a second that no taxpayer money will be spent bailing the buy-now -throw-caution-to-the-wind borrowers or the dumb-as- rocks lenders (or are they?) lenders.
Posted by: johnf | December 6, 2007 4:09 PM
And then there is HIllary - freeze the rates on these loans, that were entered into on their accord, for seven years.
http://www.businessweek.com/bwdaily/dnflash/content/dec2007/db2007126_633122.htm?chan=rss_topStories_ssi_5
Big gov't Hillary
Posted by: Terry | December 6, 2007 8:06 PM
So much for bu$h being a classic free market capitalist conservative. But I guess he got used to his daddies' buddies bailing him and his brothers out every time they ran a business into the ground, so they think it has to happen for people don't read contracts.
Posted by: rncbs | December 6, 2007 10:18 PM