Housing Update: WSJ: Obama Housing Plan spends $42.5 Billion to modify 2 million mortgages?! Huh?

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Housing Update: WSJ: Obama ... from moderateinthemiddle.wordpress.com
This appears to date to be just a total ripoff. The banks get 42.5 BILLION to modify 2 MILLION mortgages? Are you frakkin kidding me? We could BUY the houses IN FULL and have how much left over?! What a ripoff. And the TARP Treasury Watchdog Panel agrees:WSJ:The Obama administration’s loan modification effort is ill-suited [...]
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Oct 9, 2009
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This appears to date to be just a total ripoff. The banks get 42.5 BILLION to modify 2 MILLION mortgages? Are you frakkin kidding me? We could BUY the houses IN FULL and have how much left over?! What a ripoff. And the TARP Treasury Watchdog Panel agrees: WSJ: The Obama administration’s loan modification effort is ill-suited [...]
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