Thursday, March 25, 2010

Obama administration to order lenders to cut mortgage payments for jobless

Obama administration to order lenders to cut mortgage payments for joblessThe Obama administration plans to overhaul how it's tackling the foreclosure crisis, in part by requiring lenders to temporarily slash or eliminate monthly mortgage payments for many borrowers who are unemployed, senior officials said Thursday. - By Renae Merle and dina elboghdady of the washingto post.

It is foolish for Obama to think of acting in this manner without dealing with the job and outsourcing problem, i can understand helping the foreclosure victims, if they have children, but we need to address the unemployment issue before hand or at the same time and in the same executive order. Unless this is an attempt to incite more attacks on democratic offices in order to enact martial law and Obama intends to dictate socialism in America, something ain't right here

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