What a joke, I hope this is only political fodder to gain Democratic favor in Congress and the upcoming election.
Is this for homeowners AND Sub Prime lenders?
It would never work. It would only bail out companies that would virtually be unable to operate under re-imposed lending standards, and bail out homeowners who would then just have to give the money to these now useless lenders.
I think I’ll go buy a home I can’t afford so Uncle Sam can give me money to keep it. What BS.
