[MrPiper]

Draft now posted on FOX website. This little tidbit worries me if I'm reading it correctly. The government can lower the principle of your loan?

The government can use its power as the owner of mortgages and mortgage backed securities to facilitate loan modifications (such as, reduced principal or interest rate, lengthened time to pay back the mortgage) to help reduce the 2 million projected foreclosures in the next year

[MrPiper]

add to say the WHOLE THING WORRIES ME, but that bit more so.

[NoControllingLegalAuthority]

I read this as those whose debt is not in default and not owned by the government will have to pay by the original terms of the mortgage.

The flakes and deadbeats do not because the government can just adjust their mortgages to fit their tear-jerking circumstances.

[sirchtruth]

We all can sit here a speculate whether this "bailout plan" will be acceptable. What we need to realize is we allowed it to be "acceptable" for the crisis to happen in the first place!

I'm not paying for this! I will protest paying my taxes and I will take it to the streets!