Friday, December 07, 2007

The Unseen Hand of the Market straightens out the housing mortgage crisis

Bush imposes curb on mortgage rises | Business | The Guardian
President Bush announced a package imposing a five-year freeze on mortgage rates, which are scheduled to jump to often unaffordable levels as short-term "teaser" discounts expire.

Seems that Deity has feet of clay -- for 30 years the Republicans have been destroying economies around the world in the name of "free markets." Now Bush, dimly aware that a full scale crash in housing prices could destroy the world economy, becomes a dreaded socialist. Remember, George, that the government is not the problem, it . . . something . . . fool me once . . .. can't be fooled again.

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