George Bush Set To Propose Subprime Housing Plan

The President of the United States of America, George Bush, is preparing to deliver his subprime housing plan, a strategy that will hopefully mean that people who are struggling with their mortgages still get to keep their homes.

George Bush is set to make a statement this morning at 11am in the Rose Garden about the subprime issues and homeownership financing.

A senior White House official said:

“The president will discuss a number of initiatives and reforms intended to help homeowners with subprime mortgages keep their homes. He will also discuss reform efforts to prevent these kinds of problems from arising in the future.”

The subprime mortgage and home loans crisis is beginning to get out of hand, with the DOW, NASDAQ, S&P 500 and other major stock market indices all suffering as a result of this credit crunch.

However, market Analyst Sam Kirtley of The Gold Prices Newsletter from Gold-Prices.biz feels that the government can only delay the inevitable: “The US real estate crash is coming, whether we like it or not. No matter what the Fed or the US government tries to do to stop it, the crash will still come. In fact, these delaying tactics could make the crash worse. When the crash comes, precious metals such as gold will soar as investors look for a safe haven for their wealth. This is why we have been urging our reader to invest in gold and gold stocks.”

Do you think George Bush can stop the crisis?

If not how can we stop this subprime home loan and mortgage crisis?

Or can we stop it at all?

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