[One must be a bit skeptical about Bush’s offers of help to distressed people, as the delivery of aid has been too often delayed or forgotten.  The Katrina response to New Orleans is a case in point.  AIDS support promised for African nations is another.

The present item only seems to assist, so far per the Times article report below, some 80,000 out of at least 2 million estimated to be mortgage distressed.  We shall see what emerges in the competition for ever more limited funds under the Bush no tax policies and ever increasing appeals for more funds for wars (e.g. the supplementary $50 billion military aid request announced this past week for Iraq).

Ed Kent]

……………..

Bush Plans a Limited Intervention on Mortgages
By STEVEN R. WEISMAN
President Bush announced several steps to help Americans
who have credit problems meet the rising cost of their
housing loans.

http://www.nytimes.com/2007/09/01/business/01home.html?th&emc=th

“A war is just if there is no alternative, and the resort to arms is legitimate if they represent your last hope.” (Livy cited by Machiavelli)

Ed Kent  212-665-8535 (voice mail only) [blind copies]
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