If the government wants to help out ALL homeowners, there must a better way than just giving money to banks and stopping foreclosures. Lowering interest rates and modifying loans for over-extended borrowers is not a good solution either because it only gives a break to some, not all. Not only that, it creates an incentive to stop paying your mortgage so you can qualify for those loan modification programs. Does that makes sense or seem fair to you !??
Times Article suggest a better fairer way - cut every Mortgage's Principal! Now that I like.
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