This just wreaks of desperation by the banker class that Schumer and Dodd represent.
This is “spun” to help the “people” but undoubtedly is to transfer losses to the taxpayer.
Obama just said that, “We’ve got to prevent the continuing deterioration of the housing market”.
These people are not rational. These people are running the country. This is not good.
Yes, keeping housing unaffordable coupled with “shovel” jobs while people are losing their jobs in record numbers is a brilliant combination for putting the economy back on track.
Unfortunately our ruling class has no vision of what back on track should be besides over consuming on fake wealth brought on by fraudulent asset bubbles.
