Bakersfieldbubble
The Bakersfield Bubble Market
A blog about Business & Finance and Politics.
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Porterville School District smarter than our local "leaders" Boycott the Bakersfield Business Conference! San Joaquin Bank is done! San Joaquin Bank Chairman selling his Coastal Mansion Crisp and Cole staffer going to the pokey... Jose Arredondo closing the Delano Chrysler store Reich-Wing Czar stupidity called out! Racist CONservatives looking for great White Hope (McCarthy?) Has Bakersfield.com and other local websites becoming irrelevant?The tv stations are even worse. Tea bag movement shrivels... November 06 December 06 January 07 February 07 March 07 April 07 May 07 June 07 July 07 August 07 September 07 October 07 November 07 December 07 January 08 February 08 March 08 April 08 May 08 June 08 July 08 August 08 September 08 October 08 November 08 December 08 January 09 February 09 March 09 April 09 May 09 June 09 July 09 August 09 September 09 October 09 November 09 
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BAILOUT!
Mr. Free Markets, Geroge W Bush wants to bail out Crisp, Cole, et al...
WASHINGTON, Aug. 30 — President Bush, in his first response to families hit by the subprime mortgage crisis, plans to announce several steps Friday to help Americans who have credit problems meet the rising cost of their housing loans, administration officials said Thursday.
7 comments from 5 users
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posted by
samheath
on Aug 31, 2007 at 08:16 AM
Like the S&Ls, Chrysler, Boeing, whatever, the wealthy like Bush and those in Congress take care of their own. As J. P. Morgan said: "The public be damned!"
posted by
mattloch
on Aug 31, 2007 at 09:50 AM
And yet people like Hannity are claiming it is "liberals" who want to spend the government's money (Your money! Your hard earned money that they took from you!) on people who don't deserve it by bailing out people who are having their homes foreclosed.
posted by
randomfactor
on Aug 31, 2007 at 09:53 AM
So this is how they're going to prop up the stock market today. Fortunately, it will likely be coupled with regulations to stop the predators from continuing to feed on home-buyers. Regulations like....<crickets>...
posted by
mattloch
on Aug 31, 2007 at 10:00 AM
Why would they need regulations when it was stupid people who thought they could afford houses? And the Right? Or did I just give away the Republican's financial bailout strategy. Sorry for that...... posted by
Bakersfieldbubble
on Aug 31, 2007 at 10:11 AM
Time to lever up boys. Buy 50 homes, lever up to 105% of value, buy an RV, get the wife a set of DD's, new boat, travel the world, etc... then wait for GW to BAIL you out!
posted by
Bakersfieldbubble
on Aug 31, 2007 at 10:16 AM
Haliburton just won a no bid contract to clean up this mes...
posted by
SoCaMuscle
on Aug 31, 2007 at 11:25 AM
I don't think this will erase the fact that ILLEGAL things were done....
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