Acorn will not be dropped I bet. This is ROTTEN to the core. Why should anyone pay the mortgage on time? If you skip a few payments they will reduce the principle. Perfect liberal mortgage banking. Anyone who votes for this should be run out of office.
I think that the bailout money should only be used to shore up the mortgages for people who couldn't pay their mortgage due to job loss or major illness.
All the other maggots should fry especially the flippers.
Additionally, I think Barney Frank and Chris Dodd should retire effective immediately. They are obviously unfit to serve the taxpayers.
From a Reuters article.
Democrats jettisoned proposals that would have put money into a trust fund for affordable housing
Also from what I'm reading sounds like the Republicans got pretty much what they wanted.