Does Bush worry about Americans who can't pay their mortgages?

I don't think Bush understands mortgages, so it's difficult for him to worry about it:





';I can remember the first home I bought in Midland, Texas. I remember going down to the savings and loan and sitting down with the savings and loan officer and negotiating with the savings and loan officer. Well, this day and age you're going to use 鈥?mortgages have been bundled, so the savings and loan doesn't own the mortgage anymore, or the bank doesn't loan the mortgage anymore, the local lending institute doesn't loan the mortgage anymore. It's owned by some international group, perhaps, or it's been bundled into an asset. And so there's hardly anybody to negotiate with. And so some lenders aren't sure where to turn. They have credit-worthiness, they may get pinched as their interest rates reset.';





Ironically, Dubya's brother Neil Bush was the director of Silverado Savings and Loan when it collapsed in 1988, costing taxpayers $1.6 billion. Perhaps Dubya's apparent inability to master that industry's terminology is an attempt to distance himself from the association? North Fredericksburg, Virginia, Dec. 17, 2007


http://www.dubyaspeak.com/latestaddition鈥?/a>Does Bush worry about Americans who can't pay their mortgages?
The president has nothing to do with this and the ole blame game should be aimed at the banks, loan companies, and the people that took out the loans!Does Bush worry about Americans who can't pay their mortgages?
it is all about personal responsibility. they shouldn't have bought a house they couldn't afford. my wife and I saved for 10 years to get the house we wanted. we checked our bills etc before hand to make sure we could do it and still lead a lilfe. it isn't my fault I was responsible and they aren't.
ROFL- yea like he gives a $hit. BTW cons, there is something he could and should have done we have an extensive regulatory system in place for good reason, they have done nothing significant and remember he is the Commander in Chief with the responsibility for administering the government over which he presides.
what kind of question is that


there is no way on earth he can control that
There is no article. He doesn't care.
I don't think so. I don't know any saying but any investment is a risk.....you don't take the risk if you can't back it.





Seriously.....I inherited this house that I have now. It's fully paid for. But it is NOT worth what they say it is. I pay taxes on what they SAY it's worth but I can't sell it for half of what they say it's worth and it's still in a prime area. That's how they are taxing people out of their homes as well. Fully paid for and owned homes and can't pay just the taxes. There's a problem.....on all ends. There's scams on all ends and a ton of people ripping you off at each end. They keep acting like everything only appreciates in value. They lie to people. I don't think he cares as long as the money is coming in from somewhere.





Our economy is doing great too.....as long as you don't count energy and food and all the necessities. Our job market is great as long as you only count those on unemployment benefits.


No one really cares unless it personally effects them. Wonder if there would be a problem if they wanted to take his ranch as part of the NAU highway with emanate domain? He acts likes he cares......but no....I don't think he does.

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