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I'm wondering who is going to pay for it? He wants to buy the bad mortgages, sell them back at the current worth. Who is going to make up the difference. Oh wait...that's right. We, the tax payers, are. So, in short...all those people who were foolish enough to live above their means gets a free ride while all of us financialy savvy folks get to pay for their stupidity. McCain is an idiot and a socialist.
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This to me, a republican moderate, was the bonehead blunder of this whle campaign. Mccain has now taken to pandering to the Obama crowd. Only it backfired. My republican friends are not impressed and neither are the Obamanites. Supposedly this is going to let people be able to stay in their houses. Now the government is going to be managing real estate and renegotiating mortgages? Good Lord.
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