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Posted on Jun 16, 2008 in Uncategorized

Senate will bail out mortgages, even though 35% will default

Despite the research from the Congressional Budget Office that shows that some 35% of those bailed out are more than likely to default anyway, some members of the Senate seem ready to charge on with this waste of taxpayers money at full speed.

It makes you wonder, who is this bailout really helping? Is it Chris Dodd who doing a favor for his friends at Countrywide? We’ll know soon enough.

read more | digg story