Bush Press Conference

President Bush just called the Pakistanis "the Paks." Ahahahaa. I wonder what all the other countries' peoples' nicknames are in private conversation in Washington.

A reporter actually asked if the government is going to bail out people who have defaulted on their mortgages. Wow. Personal responsibility has just gone right out the window, hasn't it?

Speaking of mortgages, I've been thinking about the intricacies of private mortgage insurance. Why is the borrower paying insurance premiums that cover the lender on default? Shouldn't it cover the borrower? If it covers the lender, why isn't the mortgage company paying it? Hmm. It hurts my head.