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Politics : Politics for Pros- moderated

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From: DMaA	8/5/2010 9:39:48 AM
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Goldy you fool, you paid off your mortgage: Is Obama about to forgive billions in mortgage principal? posted at 8:48 am on August 5, 2010 by Ed Morrissey James Pethokoukis hears rumors of an August surprise coming from the White House, one that will attempt to win backs the hearts and minds of voters dismayed at the failing economic policies of the Obama administration. With the government fully in control of Fannie Mae and Freddie Mac, Barack Obama may issue an order to forgive portions of underwater mortgages processed through the GSEs, where negative equity approaches $800 billion overall. Some financial houses have begun quietly preparing for the possibility: http://hotair.com/archives/2010/08/05/is-obama-about-to-forgive-billions-in-mortgage-principal/ I should probably stop making my mortgage payments right now.

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