Why did McCain propose to nationalize impossible mortgage debt if socialism is unsafe?

this $300 Billion proposal on top of the $700 Billion sub-prime related securities bailout....have he converted to being socialist? Next thing you know he will be asking to borrow from the sovereign funds within China and Dubai....
Answers:
I am just glad that the Republican's plan to put our Social Security and Medicare contained by the stock market was blocked. 1929 would appear like a recession then.

The Republicans did to our country what Al-Qaida could never enjoy dreamed of.
The nationalize fruitless mortgage debt rescue was specifically a response to those who got sucvked into subprimes in need full disclosure while seeing the home values fall below loan amounts. The Fannie Mae & Freddie Mac GSE's were contained by fact junk products and loans exceeded actual housing bazaar values. When your financed amount is higher than the house value, you hold a juck paper worth nothing. This is the
section of the market that McCain was referring to. FM/FM cause the home values to go to juck, not the home owners.
He shouldn't enjoy proposed it. He is only trying to solve the mess that democrats created.
all I have to voice is ----

LOOK WHO HE PICKED AS HIS RUNNING MATE!!

a mavericky pit bull with lipstick and nothing upstairs!!
Shh... don't tell the Republicans... Republicans can't handle the truth... They'll start calling Obama a terrorist to divert themselves from the truth.
He's desperate.


Related Questions:
  • Why is Henry Paulson abandon plan to purchase desperate mortgages and instead nurture 700B contained by his own hill?
  • Why would anyone buy "covered bonds" for desperate mortgages? Can one lose money on that too?
  • When will Colin Powell present satellite photos showing the location of doomed to failure mortgage securities on Wall Street?
  • I enjoy a discouraging mortgage situation that I requirement to bring out of?
  • I own something like 20k gone to rate on my mortgage. Shld I only earnings it past its sell-by date - or wld that be discouraging, for tariff purposes??