Bush: Economy at ‘A Pivotal Moment’

By | September 20, 2008

Bush Economy at A Pivotal Moment

The Bush administration on Saturday formally proposed to Congress what could become the largest financial bailout in United States history, requesting unfettered authority for the Treasury Department to buy up to $700 billion in mortgage-related assets. – nytimes

So, this means the government will own your home until you pay off your mortgage loan. What will that result in?

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