[ikka]

Homeowner bailouts, as warm and loving as they seem, are, in fact, bailouts for mortgage companies

Bingo!

[djf]

I’ve said that on a number of threads.

This isn’t about all that compassionate conservatism, it’s not even really about the economy.

It’s about protecting the banks, because the banks are the ones who cash the gummint checks. And the gummint checks are what buys the votes.