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Guns Guns Guns
Guest
In March, House Republicans voted to terminate the foreclosure prevention program, the $30 billion Home Affordable Modification Program, on the grounds that the program did not work and that the money would be better spent if put toward the deficit.
Orangeman speaks:
I was skeptical of these programs when they were approved. I'm even more skeptical today that there's anything the government can do to resolve these problems.
Over the last couple years, Congress has really set up four programs to help with those mortgage problems, and all they've really done is dragged out the length of time for the market to clear the problems.
It's pretty clear to me that the sooner the market works through on this process, the sooner we deal with the problem mortgages and get those homes back on the market."
Naturally, the GOP's lax regulatory policies had absolutely nothing to do with precipitating the mortgage crisis.
