Thursday, December 6, 2007
Too little, too late (Katrina revisited)
President George W. Bush today announced an interest-rate freeze for subprime borrowers that Democrats said didn't go far enough and Standard & Poor's warned may lead to lower ratings on some mortgage bonds. ``I wish he would have started this process sooner", said Democratic Representative Maxine Waters of California. ``It's only going to help a very, very small number of people.''