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Legal Commentary
: PrawfsIrony Department
By Dan Markel, Ethan Leib, Rick Garnett, Matt Bodie, Paul Horwitz , Steve Vladeck, and Orly Lobel
I know this is last week's news, but compare this:
McCain's Homeownership Resurgence Plan
The McCain Resurgence Plan would purchase mortgages directly from homeowners and mortgage servicers, and replace them with manageable, fixed-rate mortgages that will keep families in their homes. . . . The new mortgage would be an FHA-guaranteed fixed-rate mortgage at terms manageable for the homeowner. The direct cost of this plan would be roughly $300 billion because the purchase of mortgages would relieve homeowners of ?negative equity? in some homes.
With this:
Yikes! It's a big shadow!
Full post as published by Prawfs on October 13, 2008 (boomark / email).
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