Bush wins agreement to freeze mortgages - GoFuckYourself.com

Brandon99 · 12-06-2007, 03:38 PM

President Bush will announce this afternoon an agreement with major mortgage firms to freeze interest rates for five years for financially troubled homeowners -- a plan advocates say will help forestall a major foreclosure crisis but some conservatives say amounts to a bailout of people who made bad financial decisions. The plan would apply to homeowners who got adjustable-rate subprime mortgages between Jan. 1, 2005 and July 31, 2007 and are facing a sharp jump in their rates before July 31, 2010.

L-Pink · 12-06-2007, 03:44 PM

Great now we are bailing out real-estate speculators.

kane · 12-06-2007, 04:05 PM

He is buying time to ward off a recession until he is out of office. He is partially responsible for lowering the interest rates so low which artificially inflated the economy. It was about to bite him in the ass so he made a move to make himself look good and to let the next president deal with it.

FredIsMe · 12-06-2007, 04:37 PM

A little late.

RyuLion · 12-06-2007, 04:54 PM

does this have more good or bad sides?

dready · 12-06-2007, 04:57 PM

Debt is Money: http://video.google.com/videoplay?do...74362583451279

12-06-2007, 05:59 PM

yea, tell Bush i lost a lot of money when NASDAQ went to doody in 2001.... i know i am not alone and a lot of us would have liked to have been bailed out...

pornguy · 12-06-2007, 06:03 PM

Lets not forget all the mortgage lenders that were telling lies to the people..

12-06-2007, 03:38 PM	#1
Brandon99 Confirmed User Join Date: May 2005 Location: What the deuce?! Posts: 2,214	Bush wins agreement to freeze mortgages President Bush will announce this afternoon an agreement with major mortgage firms to freeze interest rates for five years for financially troubled homeowners -- a plan advocates say will help forestall a major foreclosure crisis but some conservatives say amounts to a bailout of people who made bad financial decisions. The plan would apply to homeowners who got adjustable-rate subprime mortgages between Jan. 1, 2005 and July 31, 2007 and are facing a sharp jump in their rates before July 31, 2010. __________________ Brandon E. Sales Manager Skype: dgbrandon99 [email protected]

12-06-2007, 04:54 PM	#5
RyuLion ClubDomCash.com Industry Role: Join Date: Mar 2003 Location: San Diego Posts: 32,265	does this have more good or bad sides? __________________ Adult Biz Consultant A tech head since 1995

12-06-2007, 04:57 PM	#6
dready Confirmed User Industry Role: Join Date: Oct 2002 Location: Toronto, ON Posts: 5,247	Debt is Money: http://video.google.com/videoplay?do...74362583451279 __________________ ICQ: 91139591

12-06-2007, 06:03 PM	#8
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	Lets not forget all the mortgage lenders that were telling lies to the people.. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

12-06-2007, 03:44 PM	#2
L-Pink working on my tan Industry Role: Join Date: Mar 2005 Location: Florida/Kentucky Posts: 39,151	Great now we are bailing out real-estate speculators.

12-06-2007, 04:05 PM	#3
kane Too lazy to set a custom title Join Date: Aug 2001 Location: portland, OR Posts: 20,684	He is buying time to ward off a recession until he is out of office. He is partially responsible for lowering the interest rates so low which artificially inflated the economy. It was about to bite him in the ass so he made a move to make himself look good and to let the next president deal with it.

12-06-2007, 04:37 PM	#4
FredIsMe So Fucking Banned Join Date: Dec 2004 Location: Livin' in America Posts: 2,406	A little late.

12-06-2007, 05:59 PM	#7
LilBro Guest Posts: n/a	yea, tell Bush i lost a lot of money when NASDAQ went to doody in 2001.... i know i am not alone and a lot of us would have liked to have been bailed out...