George W. Bush is expected to propose multiple initiatives to bail out troubled homeowners in a statement today. The president will outline reforms that will help keep subprime and struggling borrowers in their homes -- and keep Fannie Mae in business.
"Maybe this will protect us from the subprime fallout."
No one really knows how he will pull this off. Least of all, him. But you can bet your last yuan the proposal will be audacious and its funding will come at your expense… capital for refinanced, bailout-rate loans doesn’t grow on trees. But it does get printed in dollars. Looks like Bill Gross is going to get what he wanted.
"Maybe this will protect us from the subprime fallout."
No one really knows how he will pull this off. Least of all, him. But you can bet your last yuan the proposal will be audacious and its funding will come at your expense… capital for refinanced, bailout-rate loans doesn’t grow on trees. But it does get printed in dollars. Looks like Bill Gross is going to get what he wanted.
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