Saturday, October 04, 2008

VP Debate 2008: Palin-Biden "Debate" - an explanation of the subprime

Here is just one link that does more to explain clearly the subprime lending mess and the horrors in HR 1424 than anything I have read. It is a post by Jeff Medcalf posted at Eternity Road: Overlooked Tidbits of the Biden/Palin Debate. Hats off to Jeff. Take the time. As Jeff said, when he got into one of those "subprime" mortgages, he didn't read the three inches of paperwork and learned his lesson once the horse was out of the barn. Here's one more link you may not find unless you go to the Drudge Report: Bailout bill loops in green tech, IRS snooping and could total 1.8 trillion+ or a cost of $17,064+ for each family. Way to go, Nancy, George, and Paul!


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