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Stop That Save: Bush Won't Back Mortgage Bailouts

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Is that the sound of squealing brakes we hear? Oh yes, yes it is: George W. Bush has announced that he will not back bipartisan legislation the Senate finally agreed upon; the measure is designed to help homeowners stay solvent by (in part) placing Freddie Mac and Fannie Mae under closer government watch. Sez his brizzilliance: "Laws shouldn't bail out lenders" ... "Laws shouldn't help speculators. The government ought to be helping creditworthy people stay in their homes." [SF Gate]