Senate will bail out mortgages, even though 35% will default

freedomworks.org — Even though the Congressional Budget Office (CBO) found that a stunning 35 percent of the loans refinanced through the bailout program will eventually default anyway. And banks will use the program to offload their "highest-risk loans" to the taxpayer. But, that?s apparently good enough for Congress. Jun 16, 2008 View in Crawl 4