Detailed text transcripts for TV channel - FOXNEWS - 20100812:10:23:00
This new deal, this $3 billion. >> for the hardest hit fund? >> that's $2 billion is going to the hardest hit fund, it goes to states with the highest level of unemployment and goes to homeowners who are unemployment. ok? there's all kinds of questions this raises. number one, are you chucking good taxpayer money after bad? you've already spent $22 billion on the first time home buyer tax credit. $165 billion to bail out fannie and freddie. you've got home equity loans defaulting at a record rate and all this money being chucked into a crashing housing market. will $3 billion work? will it do ...
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