12-06-2007, 12:22 PM
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Banned
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Join Date: Nov 2003
Location: Middle Of Nowhere,
USA
Cobra Make, Engine: ERA 428 FE 4-speed CR "TL" heavy spline
Posts: 3,907
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Not Ranked
"Bush said 1.2 million people could be eligible for help. But only a fraction will be subject to the rate freeze. Others would get assistance in refinancing with their lenders and moving into loans secured by the Federal Housing Administration, Bush said."
Hopefully, this is a far as this fiasco will go - anyone renting should now continue to rent with home prices artificially inflated, once again, by this action.
The politicians, who will run to the microphones and proclaim how compassionate they are, are probably the winners here.
The rest of us, losers at some level.
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