From today’s WSJ
“...Apparently Democrats in Congress aren’t satisfied with the billions of dollars that will be required to clean up their Fannie and Freddie mess. As the price for passing Treasury Secretary Hank Paulson’s asset-purchase plan, Democrats are pushing a plan to make it easier for borrowers to renege on their mortgage payments yet still keep their home.”
What on earth are they thinking?
You are assuming that they want to solve the financial crisis. It seems to me that they are catering to their socialist base and concerned only about winning the election.