[HamiltonJay]

I got news for you guys, governments been subsidizing home ownership directly and indirectly for years... this is just one more in a liteny of programs that already exist.

In fact, FHA, VA, HUD already underwrite or insure huge amounts of mortgages out there.... unless you paid all cash for your house, you probably were subsidized in some manner by the government as well.

I don't agree with this program, as I don't think it helps anything... but mortgage industry pretty much exists in america today because of government backing.

[JohnGalt]

The gubmint maintains a monopoly on the currency and de facto the mortagage industry through the Fannie boongdoggles. Your idea of a subsidy is hardly the same as a give away since there is no real choice in the manner.

The gubmint of course, counts on folks believing that their Pnozi scheme is indispensible for securing the American Dream.

The rest of us know that gubmint is the problem.

[Lurkd Long Enough]

governments been subsidizing home ownership directly and indirectly for years... this is just one more in a liteny of programs that already exist.

Great, thanks for your explanation. It's peachy keen that we get another great federal program. After all, this is just one more?

And what's $400 million more being added to the deficient? Pshaw!