The Homeowner Affordability and Stability Plan is exactly the wrong medicine for the economy. Here's why. - http://www.cnn.com/2009...
Full of good insights, like: 1. If renegotiation is mutually beneficial, then it is likely to occur without government intervention. 2. Loan modification just pushes defaults down the road. 3. It has a chilling effect on future lending. ...
- Jared Jacobs