About 50 million homeowners have mortgages. Who wouldn't like the government to cut their monthly payments by 20 percent or 30 percent? But Frank's plan reserves that privilege for an estimated 1 million to 2 million homeowners who are the weakest and most careless borrowers.
Wednesday, April 2, 2008
What do you get when you reward carelessness?
Even my kids know the answer.
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