Obama Administration Scales Back Proposed Homeowner Relief Effort Over Alleged Foreclosure Abuses


Wouldn’t it have been the right thing to do, if… then, President Bush had ordered that all mortgage derivative­s be recalled, unbundled, and those mortgagors that had approved those bad loans been charged with retrieving their bad loans.

The weigh of responsibi­lity would have been on those making the loans, and not the entire banking and mortgage industries­! Bailout money would not have had to go to any of those banks failing. Investors would not have been losing, and the only people losing their houses would have been those that made loans on houses they knew they could not afford!
Read the Article at HuffingtonPost

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