bush rules out any federal bailout for homeown, page-12

Not very fair guys...

Lowest socio-economic group, with the least understanding of finacial complexities, desperately trying to own a roof over their heads in an attempt to break out of the poverty cycle...preyed apon by a system designed to reward volume and not quality.

The lending practices and indeed, "re-branding" of this debt and the system that engouraged it, is as much to blame for the situation as these poor souls simply trying to make a difference to their lives.

These are not extravagant purchases of cars, boats, holidays...rolex watches...these are battlers simply trying to have a go.

The US is spending hundreds of billions helping similar "battlers" in Iraq.

The charity towards your fellow man displayed by some of you is pathetic.

The Fed will pump liquidity into the market to bail out the gonglomerates, but will not help many of those about to default on their own homes...often to the tune of some $5000 per homeowner, such is the extent of the gap between capacity to repay arrears in some cases.

Pump the money here...help these people with a fraction of that which is being pumped to the financial conglomerates and you will not have a "subprime" mess in the first place.

Smoke and mirrors...like I said, one of the biggests market cons I have ever seen.

And you are all falling for it...lol...just like everyone else.

Cheers!