Would you like to receive a nice low government subsidized loan on your home? How about 2 percent?

I tend to agree with Robert Reich. There is so much fine print and cobbeldigook in contracts this days that many have no idea what they are doing. Sure some investors are going to be saved but then again so are a lot of unsuspecting poor to middle income individuals who just wanted to share in the American dream and own a house.

Ultimately what is required is some oversight in these lending practices. How about eliminating variable interest loans?

One must remember that when Greenspan dropped the interest rates to 1%, he was doing so to give the building industry a kick along. With the building industry making the economy look great, Bush was able to convince Americans that the Iraq invasion could be afforded. The people were sucked in and it is only right that Bush help bail them out. The option of not helping would lead to a major economic crisis which would make all Americans suffer.