February 8th, 2009
12:23 PM ET
11 years ago
Foreclosure fix: Obama's options
NEW YORK (CNNMoney.com) - This much we know - the Obama administration wants to set aside between $50 billion and $100 billion to address the foreclosure crisis.
But how exactly officials plan to address this bear of a problem remains to be seen.
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I understand the problem with the Hope project is that people must swear they did not commit fraud on the original mortgage. Unfortunately, most cannot attest to that having lied about income, etc. to get the original loan.
They certainly didn't put it the dems spending bill. Oh no, why address the real cause of the whole economy problem. Giving people with bad credit a 30 year loan does not make any sense. Now we all have to pay for it, even my son will have to pay for it and he's not even in school yet. Lets blame it all on Bush that's the easy way out. Not one other person is responsible, right dems?