According to Fox News.com (and I even saw the interview in which Neil Cavuto conducted with State Senator Liz Krueger, a Democrat from New York), six states are now pondering a federal bailout for high risk homeowners.
Krueger, when asked by Cavuto whether this was really a bail-out, went so far as to say that it was not a bail-out, but rather "an investment in mortgages that will get repaid to the government." Gee, what a nice play on words there, Senator!
(Thanks to the staff at Fox News.com for this rushed transcipt.)
Tuesday, July 24, 2007
Six States Considering Federal Bailout for Hisk-Risk Homeowners
Posted by Todd Andrew Barnett at 11:27 PM
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