
Originally Posted by
Jet Gorgon
Just watched the linky of Obama in Wisconsin. Thanks, Bobby. Lady asked about home foreclosures and Obama said he'd have a $10 bil program in place to help folks, but wants them to work with the banks to negotiate deals. OK. Didn't Bush just get pounded for suggesting just such a bill? Most of the foreclosures are on subprime borrowers who could never afford the loan payments (like welfare folks -- not all, but some). Why bail out the losers? Throwing good money after bad, IMO. It is the banks' fault for setting up these insane mortgage-for-anybody policies, but they are also paying for it. I think Wachovia is the only bank that steered clear of these loan issues.
I also cringe when his wife speaks at interviews -- Princeton-Harvard law grad and she says "gonna". Ouch. That hits a chord.