George W. Bush, The Worst President Ever, and misguided promoter of "the ownership society" (aka "buy at the peak!") makes matters ever worse today

That's it HP'ers, today's the day. The Worst President Ever steps straight into the subprime disaster wad of dung that he helped create today.

Are you a housing gambler in need of a government bailout? You've come to the right place.

Casey Serin - today's your lucky day

Failed flippers - here comes George, with loads of taxpayer money to the rescue

Housing gamblers - why stop now! Go double down, because if things don't work out, the taxpayers who didn't gamble will bail you out.

Bush Banker Buddies - don't worry, you may own crap loans, but Georgie will do his best to make sure the sheeple don't just turn in the keys and walk away

HP'ers, IF (big IF) one dollar of your taxpayer money goes toward bailing out failed flippers and housing gamblers, the level of rage and distrust for this government should go off the charts.

George W. Bush - The Worst President Ever - and our Nero. We are indeed run by monkeys.

Bush Moves to Aid Homeowners

WASHINGTON -- President Bush, looking for ways to respond to the subprime-mortgage crisis, will outline a series of policy changes and recommendations today to help borrowers avoid default, senior administration officials said.

Among the moves will be an administrative change to allow the Federal Housing Administration, which insures mortgages for low- and middle-income borrowers, to guarantee loans for delinquent borrowers. The change is intended to help borrowers who are at least 90 days behind in payments but still living in their homes avoid foreclosure; the guarantees help homeowners by allowing them to refinance at more favorable rates.

Mr. Bush also will ask Congress to suspend, for a limited period, an Internal Revenue Service provision that penalizes borrowers who refinance the terms of their mortgage to reduce the size of the loan or who lose their homes to foreclosure. And he will announce an initiative, to be led jointly by the Treasury and Housing and Urban Development departments, to identify people who are in danger of defaulting over the next two years and work with lenders, insurers and others to develop more favorable loan products for those borrowers.