Throwing good money after bad.

[fraterseraphino]

U.S. Loan Effort Is Seen as Adding to Housing WoesThe Obama administration’s $75 billion program to protect homeowners from foreclosure has been widely pronounced a disappointment, and some economists and real estate experts now contend it has done more harm than good

Comments

[elnigma]

Is there anybody surprised handing banks that were failing because of mismanagement and/or bad service like BoA and Well-fargo a blank cheque was completely stupid?

[fraterseraphino]

That's okay; I'm sure the Government will handle oversight of health care sector better than it handled the oversight of the financial sector.

[elnigma]

Yeah, and the current system is working fine, too. Everybody is doing great.

[aff_1]

Hi!

But I'm sure they'll do a better job with health care. Or energy policy. Or airline security. Or the next stimulus (cough cough).