A Housing Bailout Might Be a Boon, But Bush's Is a Bust

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"For those who don't know, last week President Bush and Treasury Secretary Henry Paulson unveiled a 'mortgage rescue plan' (NOT a bailout, they desperately stressed) that would enable qualifying homeowners to qualify for a five-year freeze of their mortgage at the current rate," writes Martin Bosworth at Scholars & Rogues. "But the general consensus is that it s**ks."

Read the rest of the story HERE:

At www.scholarsandrogues.com

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