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F. George McDuffee F. George McDuffee is offline
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Default OT---mortgage bailout

On Sun, 27 Jul 2008 20:25:57 -0400, wrote:
snip
that will
be voting to adopt

snip
Some more info on the "home owner" rescue package.

Its a done deal -- passed on Saturday, only needs the Prezes
signature.

This issue just dropped off the radar screens in the major US
media, however for details see
http://www.telegraph.co.uk/money/mai...nusecon128.xml
What a cramp to have to rely on over seas sources for detailed US
news.

Note that the 300 billion$ estimate was *JUST* to [start] rewrite
the option ARMs to fixed rates. The US debt limit was raised by
800 billion, and there is *NO* limit or cap on this entitlement
program for the "tin cup" corporations.

Q: Can I incorporate myself to get preferential treatments from
Washington? Real people seem to count for nothing.


Unka' George [George McDuffee]
-------------------------------------------
He that will not apply new remedies,
must expect new evils:
for Time is the greatest innovator: and
if Time, of course, alter things to the worse,
and wisdom and counsel shall not alter them to the better,
what shall be the end?

Francis Bacon (1561-1626), English philosopher, essayist, statesman.
Essays, "Of Innovations" (1597-1625).