So if the Treasury can renegotiate the mortgages down to what the Alt-A borrowers can now pay...does this mean taxpayers will get less ROI than simply foreclosing and liquidating the equity?
Doesn’t that prop up housing prices artificially...again? Making housing unaffordable for millions of honest Americans...again? Sounds like the whole rotten CRA itself is getting a bailout here, not just the private companies who got screwed by it.