[Ol' Dan Tucker]

Insuring the debts will keep the b.s. artists out of this program and force them out of business. Meanwhile, the bank with something real, like a real person, in a real house, with a real job, with a real mortgage, can get that debt shored up on their balance sheets.

Not so fast there, pardner.

Does this plan insure loans made using an ITIN and Matricula Consular card? If so, then these are most likely loans made to Mexican illegal aliens and we should not be paying for their loans.

[shadowgovernment]

“oans made to Mexican illegal aliens and we should not be paying for their loans.”
>>>>>>>>>>>>..................
Sen Shelby said today that he asked the Fed chair,’ why should American taxpayers bail out foreign Banks?’ This has never been done in history: Fed chairman could not answer.
So much under the radar with this plan, who gets paid??
the Dems loaded it with so much crap is could no longer float.

[johncocktoasten]

Only if your boy DINGY or Miss America put it in there. FHA and VA will not lend to anyone who is not either a citizen or a permanent resident alien. No bu!!sh!t Tax ID numbers Se Hablo Espanol, No Credit Check stuff. That is why I say, if its an insurance program, that means that there will have to be criteria, guidelines, and a underwriting process to get the insurance. In an auction situation, you will potentially have clowns in wall street taking two good loans and showing those to the fed and bundling 98 bad loans and auctioning it off. If there is insurance, someone with capital, like a buffett, takes the risk, and we only pay on a default.