Let me get this straight. We’re in this mess because people who had trouble paying their bills were granted mortgages that were risky on their agreement to pay this bill (lets all cross our fingers and hope for the best) or the bank would retain the right to foreclose on and sell the asset. Now we’re going to solve this mess by giving banks that are having trouble paying their bills a gift with no strings attached and no agreement to pay the government back on the hope of being able to sell the assets to people that can’t buy them now because the .. how’s that again? … the banks aren’t willing to grant loans to even qualified buyers. Huh? This is throwing good money after bad. The idea that “we can make anything work if we try hard enough” is so obviously wrong in this case that it appears that most Americans oppose this bill. Smarter than the average politician for sure.
AF
PS I Urge you to go to the blog roll to the right and click on Principles in Practice. This is a fight we can win if enough people let the politicians know that we are outraged.
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