Posted December 6, 2007 10:02 AM
by Sabrina Fang
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Comments
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