http://news.yahoo.com/s/ap/20090218/ap_on_go_pr_wh/obama_home_foreclosures
Obama throws $75 billion lifeline to homeowners
By MARK S. SMITH and ALAN ZIBEL, Associated Press Writers Mark S. Smith And Alan Zibel, Associated Press Writers
MESA, Ariz. – President Barack Obama threw a $75 billion lifeline to millions of Americans on the brink of foreclosure Wednesday, declaring an urgent need for drastic action — not only to save their homes but to keep the housing crisis "from wreaking even greater havoc" on the broader national economy.
The lending plan, a full $25 billion bigger than the administration had been suggesting, aims to prevent as many as 9 million homeowners from being evicted and to stabilize housing markets that are at the center of the ever-worsening U.S. recession.
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More of the same government insanity and meddling that caused the mortgage meltdown in the first place.
Democrats never seem to learn by their mistakes and taxpayers always get stuck with the bill.
Obama throws $75 billion lifeline to homeowners
By MARK S. SMITH and ALAN ZIBEL, Associated Press Writers Mark S. Smith And Alan Zibel, Associated Press Writers
MESA, Ariz. – President Barack Obama threw a $75 billion lifeline to millions of Americans on the brink of foreclosure Wednesday, declaring an urgent need for drastic action — not only to save their homes but to keep the housing crisis "from wreaking even greater havoc" on the broader national economy.
The lending plan, a full $25 billion bigger than the administration had been suggesting, aims to prevent as many as 9 million homeowners from being evicted and to stabilize housing markets that are at the center of the ever-worsening U.S. recession.
__________________________________________
More of the same government insanity and meddling that caused the mortgage meltdown in the first place.
Democrats never seem to learn by their mistakes and taxpayers always get stuck with the bill.
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