Liberalism: Do You Agree We've Had Enough of It? Message Board

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Politics : Liberalism: Do You Agree We've Had Enough of It?

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To: Kenneth E. Phillipps who wrote (92553)	10/9/2010 9:05:50 AM
From: chartseer	Read Replies (1) of 224752

FactCheck: "Cannot limit refinancing to responsible borrowers Obama said his plan to help struggling homeowners would aid "responsible" borrowers. Obama said, "We have launched a housing plan that will help responsible families facing the threat of foreclosure lower their monthly payments and refinance their mortgages. It's a plan that won't help speculators or that neighbor down the street who bought a house he could never hope to afford." But even the program's defenders concede that it can't possibly distinguish between "responsible" borrowers and those who foolishly (or fraudulently) signed up for mortgages beyond their means. The chair of the FDIC, also said there was no easy way to vet homeowners. "I think it's just simply impractical to try to do a forensic analysis of each and every one of these delinquent loans," she told NPR, adding that it's in the "collective economic interest" to not have more foreclosed homes on the market. Source: FactCheck.org on 2009 State of the Union address Feb 24, 2009" Okay! Lets let everyone keep their home. comrade chartseer

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