John speaks on proposed bailout live on Qik
John is speaking live on his Qik channel regarding the proposed economic $700 billion bailout. For other details on John’s position on the bailout, keep an eye on his Twitter stream and be sure to read this WSJ ‘How to save the financial position’ article.
From John’s official statement:
For years congressional leaders have pushed banks to make politically-correct loans to consumers who are incapable of paying their mortgage. Chairmen Barney Frank and Christopher Dodd persuaded Fannie Mae and Freddie Mac to provide “affordable housing” financing in exchange for limited federal oversight. I have repeatedly opposed bills aimed at providing home loans to people who have no means to repay them.
Tags: Economic bailout
