The White House plan is in FLU’s link

http://money.cnn.com/2008/04/09/news/economy/congress_housing_relief/index.htm?postversion=2008040918

Bush’s plan includes:

For delinquent borrowers who owe more than their house is worth, lenders would need to write down the loans to between 90% and 97% of the home’s value.

So…we have the Republicans wanting to hand out free money to the little guy who screwed up, while the Congress (mostly Democrats) want to hand out free money to businesses including developers.

Bizarro world!

Can anyone tell an election is drawing near? The parties are each trying to steal votes from the other side of the fence!