Green Builders Blog

mr_cj_jr asked:


In actuality, the funding is coming from money allocated back in the fall.

From the article:

Headlining Obama’s plan is a $75 billion Homeowner Stability Initiative, which would provide a set of incentives to mortgage lenders in an effort to convince them to help up to 4 million borrowers on the verge of foreclosure. The goal: cut monthly mortgage payments to sustainable levels, defined as no more than 31 percent of a homeowners income. Funding would come from the $700 billion financial industry bailout passed by Congress last fall.

People are so quick to jump on Obama’s case.
Why do people fail to inform themselves?

Thoughts?
http://news.yahoo.com/s/ap/20090218/ap_on_go_pr_wh/obama_home_foreclosures

Harley