Obama's housing plan 'to help 9m'
 

According to the BBC

"The plan will aim to provide refinancing to four to five million "responsible homeowners".

A $75bn (£53bn) "homeowner stability initiative" will also aim to help reduce monthly payments for a further three to four million people. "

Full article:
http://news.bbc.co.uk/2/hi/business/7897428.stm

Finally something is being done, but is it enough? I don't think so.
:2 cents:

Its a start. But refinancing is not the going to help if they lose their jobs. <---- I said something nice about Obama.,... take note Tony404

All I see is rewarding people for doing stupid shit.

"Responsible homeowners". You can smell the consulting behind that nifty phrase. Someone like Frank Luntz, the consultant who came up with the phrase "energy exploration" instead of "drilling for oil".

Luntz' book:
http://www.amazon.com/Words-That-Wor...75733&sr= 8-2