Rescue plan seeks $700B to buy bad mortgages »
Posted By Pdlpublic 1 year, 1 month ago in Business & FinanceThe Bush administration is asking Congress to let the government buy $700 billion in toxic mortgages in the largest financial bailout since the Great Depression, according to a draft of the plan obtained Saturday by The Associated Press.
Read Full Story at myvoiceoflife.blogspot.com »
218 Views Share Story 2 Comments Report
Who Also Submitted:
RSS Join the Discussion
+ Add CommentComments So Far: 2 (view all)
-
100%
tchef1 year, 1 month ago
This comment is below the standard viewing threshold View It »
I just love this, the banks sell bad mortgages that make no financial sense and we get to end up owning them to buy out the banks. What does this teach those who sold these mortgages? Go ahead, make the quick buck, the government will bail you out.
Reply -
More News
Daily Finance
Michael Mauboussin's 'Think Twice': A cautionary tale for investors
Alternative energy down on the farm: A still-untapped resource
In a Congress of millionaires, Republican Anh Cao voted for poor New Orleans
Tom Sosnoff: A Q&A with the $600 million man behind Thinkorswim
Why the coming natural gas boom isn't all it's 'fracced' up to be
Add a Comment
Sign In With Your Propeller Account
Please keep your comments relevant to this story.
To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.