Early in my mortgage career a sales veteran once told me that the best way to solve a customer problem was to throw money at it. I guess this is an even better solution when you’re the ones printing money.
Full story “Housing rescue plan passes key Senate test“.
My opinion:
Just to put things in perspective, I thought I’d put the faces of the folks who’ll be stuck with the bill:
$8,000 Slipping Away…
Using the $8,000 Tax Credit to Cover FHA Loan Costs
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on Jun 24th, 2008 at 6:54 pm
Yes, I do agree. The poor babies are the ones who will be wondering what they did to deserve such debt. And for what? To make up for their Grandparents lack of responsibility?
on Jun 25th, 2008 at 10:13 am
It’s just amazing to me to see the decisions this administration continues to make. There appears to be a complete lack of foresight, and not a single ounce of accountability.
on Jun 25th, 2008 at 11:49 am
[...] I like Shailesh’s simple answer to who is going to be stuck with the bill… [...]
on Jun 25th, 2008 at 11:50 am
A picture is worth a thousand words! Are we really going to do this to our children?
on Jun 25th, 2008 at 8:19 pm
[...] Legal Disclaimer « $300,000,000,000.00 Rescue Package Passed [...]
on Jun 25th, 2008 at 8:21 pm
Yes it’s rather distrubing. I hope Bush does at least one right thing before he leaves and vetoes this sucker of a bill.
on Jun 26th, 2008 at 9:12 am
The picture tells the whole story.
I heard the Mr. Bush is planning to VETO