[TheThinker]

The govt. is still going to buy up all those distressed mortgages for those who couldn't cut it at being a homeowner or investor.

This after the govt. strongarmed lenders to lend to risky homeowners in the first place. So it's going to cost nearly a trillion dollars at least and the U.S. government gains control over the mortgage industry, with kickbacks to certain Senators and God knows who else.

What a deal! I'm gaining more confidence in system with each passing second. /s

[ThePythonicCow]

What a deal! I'm gaining more confidence in system with each passing second. /s

I detect a confidence bubble. And we all know how bubbles end ;).

[nicolezmomma]

This after the govt. strongarmed lenders to lend to risky homeowners in the first place. So it's going to cost nearly a trillion dollars at least and the U.S. government gains control over the mortgage industry, with kickbacks to certain Senators and God knows who else.

This is even more reason why we can't let Obama become President. To have the Dems execute this mess with a D controlled Executive and Congress would be, well, enough to make me cry. I just hope McCain would have more leadership than Bush has had, to help us weather this mess. While everybody's dumping on the Dems participation of Fannie Mae and Freddie Mac, the Republicans had control of Congress once during this Administration. All of them need to be voted out IMHO.