[nclaurel]

So if someone paid $300K for a home which is now worth $210K the government pay the $300K for the house and the owner rebuys at $210K and “We the people” get to pay for the lost $90K with our taxes. Our own homes that are paid for or current, are lower in value too, but who cares. That is a good socialist program. Why couldn’t the money to FannieMae in July be used for that or is it already in Frank, Dodd, Obama’s pockets.

[goldstategop]

If you had the foresight to apply for a fixed rate mortgage AND are not covered by Freddie Mac and Fannie Mae, you're not eligible to have the government buy out your home for you. Sorry there, chump!

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus