[NormsRevenge]

“This is going to help some families,’’ said California Attorney General Jerry Brown, “but the overall economy is in hands of God at this point.’’ Brown helped lead the settlement negotiations.

—

Why in God’s good name, Mr. Brown, would anyone want to put a Democrat in control of the overall economy?

Hasn’t your party done enough damage already?

in the hands of dems,, ugghh.

[ProtectOurFreedom]

...suspension of foreclosures, reduced interest payments and for select borrowers, reduction of principal balances.

Good God. How do I get my principal balance reduced? I've been struggling to pay my mortgage on time for 25 years, have gone without many niceties in life to avoid debt and have never missed a single mortgage payment. This just really pisses me off.

Rush was describing how new bailout rules could create a federal bureaucracy to do the very same thing at the national level. Except the program would only be open to Democrat voters, not Republicans. I think the latter part was tongue in cheek, but I'm sure the Federal Mortgage Authority would find a way to make this come true.

[SoConPubbie]

Since 60% of the sub-prime loans went to “undocumented” immigrants, I see Bank of America is still doing all they can to lend to the Illegals amongst us.

[VOA]

Bank of America announces rescue plan for
DEADBEAT and/or ILLEGAL IMMIGRANT Countrywide borrowers

There...that's more like the real message.

[P-Marlowe]

and for select borrowers, reduction of principal balances.

Is that how Biden got a 7,000 square foot house on a lake for $300,000?

[snowsislander]

For some borrowers, interest rates could go as low as 2.5 percent. The program includes suspension of foreclosures, reduced interest payments and for select borrowers, reduction of principal balances.

Fewer people are going to want to want to take out a mortgage that they can afford if it appears that they will get bailed out if they take out a loan that they cannot afford.