Wednesday, February 18, 2009

Obama Releases Foreclosure Mitigation Plan



White House releases details of foreclosure-mitigation plan, which features a $75 billion stability program aimed at struggling homeowners. The loan-change aspect of the plan, according to the Obama administration, could benefit 5 million households.

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You can't make this stuff up. They have an answer to everything. Let me dig deeper and find out who (will get it), where (they are getting the money from), and how (they will do it).

Oh my...

Barlow

2 comments:

Rick Vaughn said...

Yeah this crap is getting ridiculous. I'm paying my taxes to save someone who bought a home that they had no business owning in the first place. Amazing!

Jennifer @ Money Saver 101 said...

Oh, I can tell you where the money will come from - from thin air. The Federal Reserve Bank will just print the money from no where, without anything to back it up, increasing inflation. Brilliant!