After months of criticism that it hasn't done enough to prevent foreclosures, the Obama administration is expected to announce Friday a plan to reduce the amount some troubled borrowers owe on their home loans.
As cries of "save me" grow louder, the policies of desperation will be extended and expanded. Think in terms of the dollar here. While "save me" policies might put a few dollars in some people's pocket, it will remove many more in terms of devaluation for the rest. Unfortunately, the social consequences (rage, frustration, disbelief, confusion, etc), directed at "save me" policies has only just begun.
Source: finance.yahoo.com
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