Monday, September 8, 2008

America now prisoner in own home!

How anyone can buy what "she" sells for "him" at this point is beyond me!

This just in from the White House-
The plan that Secretary Paulson outlined had three very important goals: first and foremost, promoting market stability; ensuring the availability and affordability of home mortgages; and protecting the taxpayer. The President is confident that these are the appropriate goals, and that the plan outlined will be successful.
Throughout these discussions, the President was continuously briefed by Secretary Paulson, and discussed the policy options. The President gave Secretary Paulson his full support to put the right plan in place to protect the U.S. economy.
This is not a step that the administration was anxious to take. And in fact, it is exactly the kind of event we've warned about and tried to prevent over the years. Remember that we have highlighted the systemic risk posed by Fannie Mae and Freddie Mac because of the very large role they play in housing markets, and because of their business practices.

THIS is the entire White House Daily Briefing

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