Obama's new plan for underwater mortgages may be too little too late | iWatch News
It was almost a blink-and-you-miss-it moment in President Barack Obama’s jobs speech, but for about 20 seconds—after he urged Congress to pass his $447 billion economic stimulus bill—he offered a quick sketch of a plan to aid struggling homeowners.
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Washington fell all over itself to help the banks that caused all this by passing TARP. But the people who had these exploding mortgages? Back of the line, Buster.
Maybe underwater mortgages will be used to prop up Libertarian Island?
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