The biggest lie being told right now is by people who legally signed for and agreed to these mortgages, but then claim they "didn't know what they were signing."
Of course they did. They just claim stupidity now because they don't want to pay the bill.
In truth, Clinton’s plan would heap onerous and needless new regulations on the mortgage industry and establish a $1 billion housing trust fund to help “at-risk borrowers avoid foreclosure.” In other words, Clinton’s plan requires responsible taxpayers to subsidize the mortgage payments of deadbeats unable to comprehend the concept of adjustable mortgage rates.
