More stimulus, MORE of the same, good ole Barney. He won´t let us down, until we ALL go down.
go down. Ha!
A Cram Down law would raise the bar and the cost of all other home mortgages,,it would backfire. Banks would start asking for higher down payments or lower appraisals. Plus they will charge higher rates and try to get more variable mortgages.
They are a bit paniced because the residential realestate bomb still has a few more bomblets left to go off.