Did you hear the news? Bush Refused to bailout lenders after he met with the US Treasury Secretary last week.
If Bush aint’ gonna do it, We have to bail out thes borrowers. The society needs you. your neighborhood needs you. Did you know that these’s at least one foreclosure for every 200 houses in our nation. With declining prices, Short sales are the best option for homeowners and investors that are facing foreclosure right now. Here’s the story that was published on Friday.
President George W. Bush briefed the public on the economy and the nation’s current foreclosure crisis after meeting with U.S. Treasury Secretary Henry Paulson on Monday.During his address, Bush said reforms are needed that will expand the role government-sponsored enterprises (GSE) Fannie Mae and Freddie Mac play in stabilizing the housing market. Bush said while he wants to help troubled borrowers, he refuses to support legislation that will have the intended or unintended effect of bailing out lenders and speculators.
“It’s been – our policy in this administration is we – shouldn’t bail out lenders, laws shouldn’t help speculators, the government ought to be helping creditworthy people stay in their homes,” Bush said. “And one way we can do that – and Congress is making progress on this – is the reform of Fannie Mae and Freddie Mac. That reform will come with a strong, independent regulator.”
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[…] Did you hear the news? Bush Refused to bailout lenders after he met with the US Treasury Secretary last week. If Bush aint’ gonna do it, We have to bail out thes borrowers. The society needs you. your neighborhood needs you. Did you know that these’s at least one foreclosure for every 200 houses in our nation. With declining prices, Short sales are the best option for homeowners and investors that are facing foreclosure right now. Here’s the story that was published on Friday. President Geor more… […]
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