Thursday September 24, 2020

White House pledge to protect homeowners

US President George Bush has pledged to help people who’ve fallen behind in their mortgages to keep their homes and to tighten safeguards against predatory lending, while rejecting a bailout for ‘‘speculators’’ in the property market.

1st September, 2007

US President George Bush has pledged to help people who’ve fallen behind in their mortgages to keep their homes and to tighten safeguards against predatory lending, while rejecting a bailout for ‘‘speculators’’ in the property market.

‘‘I plan to help homeowners, the government’s got a role to play,” Bush said in a statement at the White House.

But, he said, ‘‘it’s not the government’s...

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