I heard about this on the local radio today....Good Grief what is next? I would like to see and know the details...the DJ said its government takeover of the mortgage market but did not say when this is suppose to be starting? Also, surely this has to be passed by the Senate or is this something that Odumma is just doing and skipping the Constitution?
I see this as "possibly" good for our private party work (people who are struggling to make their payments don't do a lot of house fixing IMO) and not good for the P&P work. Personally I see it as another taxpayer subsidized program they WE the people have to pay for. On the radio they (whoever they is..) are estimating the cost to taxpayers at 15billion/month but I got an email stating the cost would be $7 billion/month but heck whats another 7-15,000,000,000 per month eh?
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