Add Comment on:

Bush unveils subprime mortgage scheme to bail out banks
by wsws (reposted)
Friday, December 7, 2007 :The plan announced by President Bush Thursday to freeze interest rates on some subprime mortgage loans will do nothing to stave off foreclosure for the vast majority of families facing the loss of their homes in the coming months. Bush, flanked by Treasury Secretary Henry Paulson, Housing and Urban Development Secretary Alphonso Jackson, a Federal Reserve Board governor and other federal regulators, announced the plan at a White House press conference only hours after the Mortgage Bankers Association reported that the number of US homes in foreclosure rose to a record level in the third quarter, engulfing 1.7 percent of homes.

Guidelines for commenting on news articles:

Thanks for contributing to Indybay's open publishing newswire. You may use any format for your response, from traditional academic discourse to subjective personal account. Please, keep it on topic and concise. Read our editorial policy, privacy, and legal statements before continuing. Or go back to the article.

Enter Comment Info

Comment Title

(required)

Author

(required)

Display contact info?
If you choose to display Contact Info, all readers of the site will be able to see it. If you don't want it displayed, you can still enter it, not select the "display contact info" checkbox, and only editors will see it.

Website URL

Enter Comment Text

TEXT/HTML

Tip: use spaces between paragraphs.

Is Text HTML?
For plain text, URLs will be converted to clickable links. You may also use <a href="url">visible linked text</a> in plain text articles (other tags will be ignored unless you select "HTML"). When selecting "HTML", you must provide <p></p> and <br /> tags for paragraphs and line breaks.

Upload Attachment

Number Of Uploads

(Required fields must be entered before you can choose uploads)

Please note the allowed file types and file sizes!

Maximum size of each uploaded file 3072MB; maximum total size of all uploaded files 4096MB; 6 hours maximum uploading time.

Accepted File Types: AMR, AVIF, FLAC, GIF, HEIC, JPEG, JPG, M4A, M4V, MOV, MP3, MP4, MPG, OGA, OGG, PDF, PNG, VTT, WAV, WEBM, WEBP

For playability of audio files on mobile devices, upload MP3s.

CAPTCHA

Anti-spam question

Which ocean is off the coast of California: Pacific or Indian?

You must preview your post before publishing.

Upload

Previews not available for media files.

Image Description

Short description of the image used by screen readers.