Why Bush should veto the Frank Bill



George Bush and I finally agree on something!!!! Veto the Frank Bill!

LaTourette said Frank sold him by making the plan voluntary and pointing out that it is projected to help hundreds of thousands of homeowners at a cost of only $2.7 billion over the next five years

Analysis: The president is right, up to a point. The bill would reward speculators and lenders (It would offer lenders a better price for their distressed mortgages than the private sector is currently offering. That is a reward of sorts. It would also offer speculators new, cheaper mortgages -- by far a better deal than the private sector is currently offering them. Again, a reward of sorts.) 

 del.icio.us  Stumbleupon  Technorati  Digg 

 

What did you think of this article?




Trackbacks
  • No trackbacks exist for this entry.
Comments
  • No comments exist for this entry.
Leave a comment

Submitted comments will be subject to moderation before being displayed.

 Enter the above security code (required)

 Name

 Email (will not be published)

 Website

Your comment is 0 characters limited to 3000 characters.