An August Surprise from Obama? | Analysis & Opinion |
Speculation based on rumors that Obama is going to order Fannie and Freddie to forgive a ton of mortgage debt for people who are underwater on their mortgages. This would be aimed at influencing the election in November, of course. The date to watch is August 17, says the author of the post (he's Reuters' Money and Politics columnist, James Pethokoukis). The Democrats are absolutely desperate so this would not surprise me, and besides--Obama learned his politics in Chicago, and that's the way government works here.