Home › Forums › Housing › Reducing Principal › The irony is the FED can’t
The irony is the FED can’t force banks to do anything. This may be socialism, but it’s not a FED-led dictatorship.
This is probably just a ploy by Ben to appear to want to help those facing foreclsoure.
You try forcing banks to write down mortgages, you think they will acquiesce quietly? Then what, credit card companies, lay-aways and IOUs?
If they do go forward with it, then I want a $50,000 credit towards my home purchase. What’s the difference?
