[DoughtyOne]

I don’t understand how this won’t destroy liquidity again in short order. If people aren’t making their payments, the lending institutions will come under severe distress quickly.

[raybbr]

Mortgage Plan Tries to Mitigate an Unemployment Problem That the Administration Just Worsened

The goal is to have plan in place and paying out just before the next election so votes can be bought.

[familyop]

And with a bond collapse, will come steeply rising interest rates in other areas. ...could see a decline in real estate and auto sales, then stock price declines, then more unemployment resulting in more government spending resulting in more government debt. Then another iteration of the cycle begins.

[Kartographer]

So if I wasn’t working I get free healthcare, free house to live in, free food, unemployment check forever, even a free cellphone in some places, so I guess the lady was right!

http://www.youtube.com/watch?v=P36x8rTb3jI

[C19fan]

The admininstration just added a new 31% marginal tax for unemployed homeowners. If you want to gain the system just keep on receiving unemployment checks and you get to live in your home cheap for 6 months. As with all these programs I expect a loosening of criteria and infinite extensions.