Why Obama administration will continue bad behavior (reward forgive mortgages) and to punish success?

In: Mortgage Loan

30 Aug 2010

I had no furniture in my front three rooms for a few years, so that we can pay the mortgage on our house. We, like many people were young and has built more / better house than we are comfortable to pay at the time. BUT … We are responsible and not ask for help. We have cut back on other things. My mortgage is repaid in 5 years … I now have to pay for the others …?

Political risk: a surprise in August from Obama?

Main Street can get over its own massive bailout. Rumors run wild on Wall Street in Washington that the Obama Administration is on the perspective of the government-controlled Fannie Mae and Freddie Mac to forgive part of the mortgage debt of millions of Americans who owe more than what their homes are worth. Approximately 15 million mortgages in the United States – fifth – are underwater with negative equity and some $ 800,000,000,000.

As rewarding failure is equivalent to vote Democrat



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