“President Obama’s plan to reduce the flood of home foreclosures will include a mix of government inducements and new pressure on lenders to reduce monthly payments for borrowers at risk of losing their houses, according to people knowledgeable about the administration’s thinking. The plan, to be announced Wednesday, is expected to include government subsidies for reducing a borrower’s interest rate, which a lender would have to match with its own money.” (New York Times, Monday)
More of what got us into this mess.
FEE Timely Classic
“The State Is Morally Hazardous To Your Health” by Sheldon Richman
Tuesday, February 17, 2009
Mortgage-Assistance Program to Be Unveiled
