Apparently Massachusetts and the Federal government think we should be throwing money at unemployed homeowners. Giving interest-free mortgage loans from the government to people who have no capacity to pay them back sounds like a splendid idea! I wonder what the loss rate on these loans will be?
Remind me again what got us into this whole godawful mess? This is the very definition of Insanity.
I can't even get the NRA to give me wheelbarrows of cash, so how am I going to get the government to give me some of this "free money?" Obviously I'm doing something wrong here.
That said, I thinik it would've been cheaper in the long run for the government to do this for every single struggling homeowner rather than bailout the banks. No worries though, Uncle Sam has plenty of money to go around.