No hope available at 800-995-HOPE
One of the low points of Bush's press conference today was his announcement that help was available for subprime loan holders via a call to 800-995-HOPE. The funny thing is, this number is so jammed that you don't even get a traditional busy signal -- you get the "all lines are jammed" fast busy signal.
Maybe this subprime problem is much, much worse than even the Plunge Protection Team thought. How can we expect them to be able to solve the problem if they can't even get enough phone lines to handle the inquiries?
From the looks of the stock market rally today, everyone is still living in fantasyland.
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