Besra Gold Inc (BESAF)

[Spellbound]

NuWire Investor: Big Homebuilders Begin Lining up for Financial Rescues

Ref - http://www.nuwireinvestor.com/blogs/investorcentric/2008/11/homebuilders-next-in-line-to-beg-for.html?ref=patrick.net

Detroit automakers recently received the cold shoulder from Congress on their quest for a piece of the $700 billion bailout pie; next in line are the homebuilders. Hopefully they will learn from the automakers and won’t fly to Washington in private jets to beg for these funds, although at this point it appears doubtful their wishes will be answered anyway. The homebuilders are prepared to request an aid package estimated at $250 billion and aptly called "Fix Housing First", according to the Wall Street Journal. The builders are trying to convince Congress that the rest of the financial system will continue to deteriorate until home prices stabilize. The plan calls for a tax credit for homebuyers and a government subsidy of mortgage rates . . .