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.)







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