I’m surprised there’s really doubt from the my personal post indicating the fresh new Obama White Domestic manage believe an effective $step one trillion, bulk mortgage-refinancing package as a consequence of Fannie mae and you will Freddie Mac. Around really really should not be. Is why:

step 1. The fresh Light Household gave a complete low-assertion denial in order to Bloomberg: The fresh new Light Household does not have any plans to have a unique size financial refinancing system, a control specialized with experience with the challenge told you.

dos. Of course the politics try from the clear-cut. Sure, the new Tea party everyone and you will instance-oriented property owners everywhere could possibly comprehend the bundle because an authorities bailout of people that generated dumb financial conclusion. Continue reading Yes, Obama Is really Offered a size Refi Package →