Tuesday, October 7, 2008

InstaBlogging: John McCain wants to buy bad mortgages?!

WOW. He's Santa Claus: he'd order the Treasury Secretary to buy up all the bad mortgages out there!? Did I really just hear him say that? That's bold and will appeal to some--unless or until they think more deeply. It's, given the current burgeoning economic crisis, a bit myopic and insulting. With whose dime are these bad mortgages going to be paid? Who determines who determines what the definition of bad mortgage is?

1 comment:

Intrepidblackman said...

I do not get it? Is that what the 700 BILLION was for? To buy up the bad mortgages?

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