Thursday, December 06, 2007

Dems Say Bailout Doesn't Help Everyone (as if that was possible)

As you would have thought the Dems are picking Bush's Subprime Bailout plan apart.
Putting the interests of investors aside, Democrats and consumer
advocates question whether enough borrowers will be helped. They say the plan
doesn't do anything for borrowers whose loans reset at higher rates already, or
for those with other kinds of risky loans. Some also question whether the
five-year duration of the plan will be long enough for many borrowers to
benefit.

Well, in anything it doesn't help everyone but just the people that are the most behind the 8-ball. I didn't see the Democratic plan so I don't know what the alternative would be. I know Hillary had basically the same thing with a moratorium on foreclosures tacked on. I guess the Dems giving any kind of credit to Bush is too terrible to contemplate.

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