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Originally Posted by host
...he has what is happening, exactly opposite of what it is....a bailout for lenders, the realty "industry:, and the economy. The people who he believes are receiving, "special treatment"...the ones who he openly resents in the OP, are the VICTIMS of this Bush endorsed "plan", not the beneficiairies...SHEESH !!
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I think your frustration is clear but really, to call people who just received a reprieve from losing their homes because they weren't going to be able to pay their mortgage, victims, is hardly accurate.
The five-year plan is something that is going to benefit both sides in the sub-prime mess. I don't see how keeping people from losing there homes is a bad thing.
The only thing I can see is that the "free market" did fail and it isn't going to take it's lumps and accept the adjustment. The thing is, those that are feeling the pain of this adjustment extend way beyond the US borders. The debt is held by many foreign interests and has resulted in fluctuations in markets around the world.
I don't think you can blame Bush for this.