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Politics : Impeach George W. Bush -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (87935)	12/6/2007 1:47:08 PM
From: jlallen	Respond to of 93284

You oppose it because Bush supports it....I don't see you criticizing Clinton or Edwards.....you're a hypocrite Kenny boy.

To: Kenneth E. Phillipps who wrote (87935)	12/6/2007 2:12:12 PM
From: Karen Lawrence	Read Replies (1) \| Respond to of 93284

Actually, it looks like a good plan, really: - Seeking to counter criticism he is violating his free-market principles, Bush said the private-sector plan does not represent the imposition of a government solution to the mortgage crisis. "We should not bail out lenders, real estate speculators or those who made the reckless decision to buy a home they knew they could not afford," he said. Bush said that 1.2 million people could be eligible for help under the plan, developed in negotiations with the mortgage industry led by Treasury Secretary Henry Paulson. But only a small fraction of that number will be subject to the rate freeze. Others would get assistance in refinancing with their lenders and moving into loans secured by the Federal Housing Administration, Bush said. And the help only comes to those who ask for it, he said. Thousands of borrowers who are falling behind on their payments have been sent letters about the options, and Bush also urged people to call a new hot line: 1-888-995-HOPE. The plan targets homeowners who have been keeping up with payments, got loans in 2005 through July of this year and will face problems when their interest rates are scheduled to rise between next January and July 31, 2010, according to several wire services. Freeport homeowner Barbara Santamaria says she hopes she'll fit the mold because she and husband, Alex, who have three children, already pay $3,700 monthly on a $414,000 loan, whose 7.5 percent from the summer of 2006 will go up to 10 percent in August. Referring to the plan, Santamaria, 37, said, "That would help tremendously." Without a freeze, she said, "I'm done. There's nothing I can do and there'll be no way I can keep the house."