The big question will be how they plan to administer it?
Who will get it, how much, etc??
Will those who recklessly heloc’ed and refied out all their equity and now can’t make the payments(boo hoo) get bailed out? Do they get to keep the Hummer, RVs and pool that they used the money on?
What if you stood no chance of making the payments anyways?
Will you have to plead that you were “duped” into taking on a loan that you weren’t fully aware of to qualify?
Can you play the “minority” card and get a bailout?
There are many more questions to determine who gets what…
if it does go through, it will be the biggest fluster cuck
of all time….
