: Everybody Gets A cut In Their Interest Rate!!!

Dec 06 |11:04

So, he speaks.We should not bail out lenders, real estate speculators or those made the reckless decision to buy a home they knew they could never afford," Bush said after meeting with industry leaders at the White House(Wasnâ€™t that everybody?)â€¦â€¦â€¦"But there are some responsible homeowners who could avoid foreclosure with some assistance."(Responsible people are not in 11% interest rate loans and make their payments on time.)Bush said 1.2 million people could be eligible for help. Only a fraction will be subject to the rate freeze.(I am doing my own calculations at homeâ€¦â€¦okay, two people are eligible to have their payments reduced.)Bush also urged people to call a new hot line 1-888-995-HOPE.(Bush originally gave the wrong number for the hot line; the White House later corrected him.)
Where were we?Oh, the stock market closed up 178 points on the good news. Tomorrow: employment numbers come out.I heard everybody has a job as of this week.
- Dale Siegel

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