Does this make sense - Bush Home Mortgage Program?
Friday, May 22nd, 2009BeachBum asked:
Today in a press conference, while discussing a Home Mortgage Agreement designed to help home owners in today’s financial crunch, Bush Jr stated the program is not for ppl that got mortgages they knew they couldn’t afford.
Today in a press conference, while discussing a Home Mortgage Agreement designed to help home owners in today’s financial crunch, Bush Jr stated the program is not for ppl that got mortgages they knew they couldn’t afford.
Now… I’m kind of scratching my head here….
Why make a program to only help ppl THAT CAN AFFORD their mortgage… this is not making sense to me.
1. Like who on Earth would say, “Oh let’s get that mortgage so we can lose our house because we KNOW we can’t afford it.”
2. Half the problem is admittedly due to banks giving mortgages THEY KNEW the ppl might not be able to afford.
Amber
