Hope is bleak as subprime hurricane leaves a disaster trail


	Hope is bleak as subprime hurricane leaves a disaster trail

tabsey

12-8-2007 8:07 AM

203 views

tags:

economics

tabsey says:

A very well written article which explains the actions to help those in mortgage trouble. It includes the inaction and further explains what a liar Bush is on this matter. Well worth reading as it is also entertaining (if that is possible on this issue).

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12-9-2007 6:12 AM

Joseph48

I am heartsick. My daughter and son-in-law will very likely loose their home in this fiasco. God help us all to draw together and help each other out where we can.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/336c4e5e-b10b-41dc-a890-e95d0cda6d39/D9872F53-A0C3-41D0-A5DB-935C8D2127B2/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://business.theage.com.au/hope-is-bleak-as-subprime-hurricane-leaves-a-disaster-trail/20071207-1fqu.html" href="http://business.theage.com.au/hope-is-bleak-as-subprime-hurricane-leaves-a-disaster-trail/20071207-1fqu.html" style="font-size: 11px;">business.theage.com.au</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://business.theage.com.au/hope-is-bleak-as-subprime-hurricane-leaves-a-disaster-trail/20071207-1fqu.html"><P>WITH millions of Americans delinquent on their home mortgages, in foreclosure, on or facing the streets, the man of action — "the go to guy" — went on air to unleash a plan devised by the two amigos, Henry Paulson and Ben Bernanke, and a cast of thousands.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://business.theage.com.au/hope-is-bleak-as-subprime-hurricane-leaves-a-disaster-trail/20071207-1fqu.html"><P>A rescue no less. One could hear the faint sound of bugles as the nation stood and the Commander-In-Chief, hero of countless campaigns, a Patton abroad, a Roosevelt at home, waited before their TV sets or listened as the saviour of New Orleans spoke.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://business.theage.com.au/hope-is-bleak-as-subprime-hurricane-leaves-a-disaster-trail/20071207-1fqu.html"><P>The plan was revealed; the evictions would cease. A moratorium no less for those facing ruin. Salvation was at hand. It even came with a distress hotline where counsellors awaited consumers in crisis. Salvation indeed, as the President announced the number 1-800-995-HOPE.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/D9872F53-A0C3-41D0-A5DB-935C8D2127B2/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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