The democrats tried to get something like this going before their break a few weeks ago. The Reb’s were having none of it in the senate and they have enough votes to kill it if necessary. That being said, the banks, the bleeding heart types, the relators, the builders, the Wall Steet investment houses and certain portions of the media are turning up the heat on everyone to do something. Remember, this is an election year and nobody wants to be seen as lazy or cruel. So something will get passed. This? maybe not, but something similar. Maybe itll have a cap, where only people who have a conforming loan will qualify. That would still hurt the bubble zones while turning around Detriots problems. The Banks can survive the bubble zones popping, they could survive the rust belt colapse, they can survive the current “crunch” we are in. They cant survive all three at once. (the rep’s care about the banks)
