Tree of Eden

Obama mulls rental option for some homeowners-sources | U.S. | Reuters

Posted in Uncategorized by T.Salami on July 16, 2009

Spend, spend, spend: Soon they might start paying people’s mortgages.

Now I don’t have a problem with that. Afterall it is only fair that those hardest hit by the mortgage crisis – not the banks but families who lost jobs and possibly homes – are compensated.

Yet as the spending gets worrisome does the U.S. government have any other alternative but to spend, spend, spend?

Officials are also considering whether the government should make mortgage payments on behalf of borrowers who cannot keep up with their home loans, tapping an unused portion of a $50 billion housing aid kitty.

As part of this plan, jobless borrowers might receive a housing stipend along with regular unemployment benefits, the sources said. (Reporting by Patrick Rucker; Editing by Diane Craft)

via Obama mulls rental option for some homeowners-sources | U.S. | Reuters .

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