Diana Olick
October 9, 2008

  • A d v e r t i s e m e n t

So a few weeks ago I half-jokingly suggested that a good way to get rid of all the excess inventory of new construction would be for the government to buy up all those new homes and give them to all the folks who lost their homes to foreclosure.

It sort of seems like John McCain is thinking along the same lines, only without the new construction.

Senator McCain announced a plan last night for the Treasury to directly purchase home loans from borrowers and servicers at full price and then give the borrowers cheaper fixed-rate FHA backed loans at lower principal values; in other words, give people their overpriced homes for free.

Read article

Truth Rising 9/11 Chronicles Part One: Truth Rising
Get the DVD and make copies or watch the high quality streaming and download version online at Prison Planet.tv. Click here to read more about the film and view sample trailers.

The Emergency Election Sale is now live! Get 30% to 60% off our most popular products today!

Related Articles