And get a load of this from Reuters:
President Barack Obama is mulling new ways to delay foreclosure for jobless homeowners who are unable to keep up with monthly payments, an administration official said on Monday.
The official told Reuters it was reasonable for policymakers to consider options for loan forbearance -- allowing borrowers to delay, defer or skip payments -- that are more effective than those currently available in the private sector. ...
But the official said the idea, which is still evolving, was difficult from a policy perspective and carries potential hazards. It could help more people struggling with economic difficulty, but it also could create perverse incentives that distort the housing market, said the official, who did not want to speak on the record about internal administration debates.
It wasn't fucking difficult to bail out the banksters with $15 trillion of our money NOW NOW NOW, was it? So why do homeowners and small businesses always have to wait 'til LATER LATER LATER?
Man, if only the Democrats controlled the executive and legislative branches, and had 60 votes in the Senate! Then we'd see some action!
Oh, wait.....
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