And bush gets to retire with a massive ranch in dallas.
Laughing all the way to the bank.

What a disaster.

Reagan era. Savings and Loan scandal. Bush era... Mortgage crisis.

Thank you deregulation.

This stuff causes me to worry about my house every day.

I live in a Republic, not a Democracy nor an Oligarchy. The Government should not get involved. The people should loose their house if they can not afford it. Others , ( the American people) should not have to pick up the slack because they were sold a load they can't afford. Also, Fanni Mea and Freddie Mac and Bear Stearns all should fall or bear the weight of their decisions, not the public.

If you dont know what a Republic, not a Democracy, Oligarchy is the you owe it to you self and your country to find out. Here is a link to a 30 minute clip. Watch it and learn.

http://video.google.com/videoplay?docid=6732659166933078950&q=overview+of+america+site%3Avideo.google.com&total=81&start=0&num=10&so=0&type=search&pli
ndex=0

If it does not work the go to google video and search " Overview of America "


You owe it to yourself.

Here's a story about the sub-prime crisis, this time with a nice ending.

The real news reports about a community service organization whose volunteers counsel victims to try and fight the terms of these horrible agreements.

http://politics.videosift.com/video/NACA-Counselors-Save-These-Peoples-Homes
sift it!