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Obama Signs Stimulus Bill Open Thread | Main | US To Send 10,000 17,000 More Troops To Afghanistan
February 17, 2009

Same Day, Same Bullshit

Having waited a few comfy days to sign the most important emergency legislation eveh, Obama is now ready to take on the housing crisis.

Well thank goodness.

Though administration officials are tight-lipped about details, one idea that has been floated is for the federal government to reduce monthly mortgage payments by modifying loans.

Sheila Bair, the U.S. FDIC chairwoman, has advocated reducing payments to between 31 and 38 percent of a family's gross income.

Funny, I would have advocated that if I had been like, a loan officer or something. For goodness sakes! Don't let your payment exceed 97% of your gross income. Cause, well you know, you can't PAY that.

You know.

These are the details in the spring, that make a young man's fancy lightly turn to thoughts of love.


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posted by Dave In Texas at 03:16 PM

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