Unless the Obama administration figures out some combination of programs that will meet
the goal of preventing more foreclosures, t here
is little hope that housing prices will stabilize.
That means even more homeowners will find themselves underwater and
more will be tempted to walk away from huge loses. If banks don’t want to help, it’s time to spend bailout money
to help Main Street rather than Wall
Street.
I agree. I figure most of us do. We’re sick of helping the power brokers who have taken over the major institutions of our country and keep figuring out ways to defy reforms.
Read the article by clicking here.