Originally Posted by jorgeI
And you can't cure obtuseness. Bank foreclosures amount to 2% (that two out of every one hundred) of the total mortages held. And that is as a result (mainly) of banks loaning money to people that had no business taking on that type of debt.

Gas is four dollars a gallon because demand is far exceeding supply and the Congress won't let oil companies (9% profit margin rate) drill domestically where we have plenty of oil

Why do you seem to revel in fabricating bad news? Man you must drink Maalox by the gallon. jorge



So...the Bush plan is to bail out the banks, even though the banks were "loaning money to people that had no business taking on that type of debt". Sound logic. Gas is $4 bucks a gallon because of market speculation. The recent run-up in oil prices is due more to speculation in the commodities market than to supply shortages. Fabrication? Tell 'that' to the millions of Americans who are struggling now.

Every day on this side of the ground is a win.