..that will make them wanna get a job
Subsidized failure hard at work with your tax dollars.
Only 6 months? That only takes them to August. I would have thought 9 months, to - what is it ? November? Hmmm. Perhaps they are counting on 3 months to get the word out.
Does that come with free power ,water and food ,oh and a car
Government never learns from failure!
And how can this happen without being approved by Congress?
Congress is good for nothing anymore it seems. Did they give away there authority or are they just criminal in not demanding that they have any.
Who picks up the tab...as if I can’t guess.
I would like to see the details on this one before getting all worked up - the previous (big fat failures) of mortgage bailouts only delayed an inevitable increase in the overall payments.
Meaning, it’s all a waste of time and taxpayer money anyway, but people are not actually getting anything “free” - they’re getting more screwed over by the fed.
When will worthless drones ever learn, NOTHING is free....
Vote buying one dead beat at a time.
Buying votes from Obama’s stash!
Coming headline: Foreclosures Unexpectedly Drop.
Fer Cryin out loud...
Cool, so we’re gearing up to basically restart the housing bubble all over again, and still haven’t let the last cycle of this nonsense bottom out.
So who pays the taxes and insurance? If the property is not insured, do the banks have the right to reposes. Or are they expected to pay it themselves? How can obumber make a spending decision with no input from Congress? I’m confused.
Freddie Mac Seeks [ADDITIONAL] $6 Billion Bailout After Worst Quarterly Loss This Year
http://www.huffingtonpost.com/2011/11/03/freddie-mac-seeks-6-billion-bailout-quarterly-loss_n_1073962.html
Freddie Mac, on taxpayer support, pays big bonuses [$13 MILLION in bonus payments].Executives tell House committee that bonuses needed to keep qualified staff at Freddie Mac and Fannie Mae.