I cant find it on here, but I heard that congress will vote on a 15 BILLION DOLLAR BAILOUT for those poor home builders today. More American style Capitalism in action. They want gov out of their business, unless they fail. Then they want the Gov to pay them billions of tax payer money. And were is the help for the home owners? Im sure that will be argued over for months and months, and then take many more months before help arrives, if it does. Lets see, 30 + billion just for Bear Sterns, 12 Billion a Month just for the Neo Con Nazi takeover of Iraq, 200+ billion in help for wall street, and how much for the average citizen?? 0, nada, nothing. In fact, they have cut many programs that help the average person so they could keep that huge tax break for those poor down and out millionaires. Does anyone really believe that the US is for the people? Or is it for the Elite and the Corporations?

Why does Bush look sooo stupied in this photograph ?

Too little too late as expected. It only helps those that can make the higher payments with a readjustment of thier budgets. Its a big nothing like GW..

This doesn't mention those being left behind - the ordinary homeowner trying to sell the family home! A break is given for purchase of new homes, which benefits construction companies, and foreclosures, which releases the bank from the burden and regenerates income for them.

Problem is that someone who must sell the home for whatever reason is left behind. Case in point, some friends for whom the commute has become far too expensive decided to sell their house in order to relocate down the road. Their hope was that they would sell this terrific little house, temporarily live near his site and, once he has his own business off the ground, buy a suitable, convenient home. They had interest until Bush's greatest little boon to the economy. Now, at an open house last week, ONE WHOLE PERSON was interested, and he asked my friends to give him the $7,000 break that Bush is giving the new homes and f oreclosures! The house had already been priced at $15,000 below the assessed value!

So what kind of help is Bush really giving the average Joe? Help right into the poor house!

So which is it, HuffPo headline writers?

50,000 or 500,000? PROOFREAD!

It can save half a million homes from forclosure so yes this is a good thing. It will restore stability and trust to the mortgage community which is also a good thing. The federal loan insurance is a good low cost solution to try to fix the current mess. Is it a cureall ? Nope, it's jsut a step but a good one and in the right direction.

"to insure loans for creditworthy homeowners unable to meet mortgage payments..."

Huh...funny, I could swear that missing mortgage payments removed you from that "creditworthy" category as far as the lenders were concerned.

Gosh, that's swell news, isn't it Wally?

Yeah, Beav, it is.