San Diego Housing Market News and Analysis
Housing Bailout Nukes Launched
Submitted by Rich Toscano on March 26, 2010 - 8:55am
Last month I discussed the idea of government-sponsored mortgage principal reductions, which I described as the "nuclear option" in the government's housing bailout arsenal. As unjust and misguided a policy as this might be, I suspected at the time, principal reductions might well be on the way.
Well, the first volley of bailout nukes has been launched.
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