Obama's mortgage Plan: What should taxpayers think? February 24,2009

Submitted by lusk-admin on Tue, 07/10/2012 - 16:56

...Today's topic: In President Obama's plan, taxpayers would pay loan-serving companies, lenders and troubled homeowners billions of dollars to keep those homeowners out of foreclosure. Why should taxpayers--particularly those from parts of the country that aren't inundated with defaulting mortgages--shoulder some of the losses generated by bad loans? Richard K. Green and Christopher Thornberg debate the president's foreclosure- prevention plan...