[Scott from the Left Coast]

This idea isn't going to work. Not at all. The underwater mortgages have to be held by Fannie and Freddie...most of us have our mortgages held by banks or other such lenders. This will mostly help the "affirmative action" mortgages that Frank and Dodd wanted. And even those that are helped will go through months and months of bureacracy to get any relief. This is going to piss off more homeowners than it helps...the only one's helped are already securely in Obama's camp from all the other giveaways.

You really want to do something? How about suspending payroll taxes for a year? That will put money in pockets without all the bureaucratic delays.

[An Old Man]

. . . How about suspending payroll taxes for a year? . . .

I believe he is going to do that one better. How about just suspending payrols for 1 year or maybe two or three or four?

[sheana]

most of us have our mortgages held by banks or other such lenders.

But what you don’t know is that most of the mortgages held by banks and other such lenders are all backed by Fannie or Freddie.