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Section 110 of Bailout Bill

Written by admin on 03 October 2008

Based on the section Rush just read on the radio, I can only say that the banks are getting what they deserve. They wanted to be rescued by the Fed, rather than work with individual borrowers. Well, now they've lost control of the mtg market to the gov't.

Of course, banks will be less likely to issue mtgs, considering the risk of a court-ordered reduction in interest AND principal. I guess Paulson will have to twist the arms of some bankers.

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5 Responses to “Section 110 of Bailout Bill”

  1. Anonymous says:
    October 3, 2008 at 12:31 pm

    Socialism 101

  2. Ron Paul says:
    October 3, 2008 at 2:50 pm

    You can still vote for me as a write-in………….

  3. Anonymous says:
    October 3, 2008 at 2:52 pm

    I’m gonna write his name on the ballot. Anybody with me?

  4. GW says:
    October 3, 2008 at 2:53 pm

    Watch me read.

  5. beetlejuice says:
    October 3, 2008 at 5:10 pm

    bull-SHIT
    vote for me.

    I can beat their ass and I can win but I can still beat their ass and win.

    im 87 years old
    i weigh 280 pounds

    I pay the people of new york a million dollars,
    they pay 24 dollars in taxes.

    everybody go to school for 44 years.

    im beetlejuice.

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