“He is also expected to support legislation that would provide tax breaks to homeowners whose mortgage debt is forgiven, in whole or in part, by lenders. The federal government currently collects taxes on the amount of a loan that is forgiven.”

Basically, Dubya has just given the green light to everyone underwater right now to walk away from their sh*tty loan/overpaid house.

I see this as a good thing. Prices will crash next early next year! lol, I’m sure My Pet Goat had something to say about all this.