Quote:
|
Originally Posted by Charlatan
River, I don't see this fix as spending tax dollers per se. Rather the American Securitization Forum is suggesting a cap on mortgage interest rates and Bush appears to be backing the plan.
Unless I am missing something.
|
On Monday Henry Paulson made a number of proposals:
http://www.treas.gov/press/releases/hp706.htm
I was going to cut and paste key points, but perhaps his speech better left intact. It still proposes a number of State, local and Federal actions, that would cost tax-payers. But I was wrong to overstate is as being a complete government bail-out.