Site Meter Refinancing, Loans and Getting New Credit: The Obama administration wants to use $275 billion of taxpayers' money to refinance the loans of people who didn't pay their mortgages..

Monday, March 30, 2009

The Obama administration wants to use $275 billion of taxpayers' money to refinance the loans of people who didn't pay their mortgages..

PRESIDENT OBAMA'S mortgage "rescue" initia tive gets only four things wrong.But those flaws are so major, they negate any good that the plan would do. Here's what's wrong:

Source: www.nypost.com

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