Could he do something with the election in mind?
We might see Obama announce an executive order to refinance everyone’s mortgage through the federal government. Since he’s very big on ruling through decrees rather than dealing with Congress, he will come up with something he can do by executive order.
Or perhaps he will announce that somehow the federal government will buy up all of the foreclosed homes and take over all bad mortgages, to give mortgage lenders and homeowners a fresh start.
I have feared that somehow the feds will take over foreclosed houses and turn them into Section 8 housing. Unfortunately, once you get Section 8 into decent neighborhoods, those neighborhoods start going downhill.
Barack the Kenyan spending our grandchildrens’ future again. Commies Gone Wild!
We still have a long way to go.
I think the government will end up owning these properties.
People should read the fine print of any documents they sign for any help they receive
from the Government. I think it is more than just for votes.
“Unworkable or unwise”...
It’s not about doing something effective, it’s just about doing something on the subject.
The administration has long since gotten past the “do something, even if it’s wrong” stage.
This won't happen until the market bottoms out.
How does the President have this power?