The US government will own every house that is foreclosed on as well as those where people simply decide to walk away.
- Exactly what will the Government do with those houses?
- What will the losses be?
- How much would it cost to prevent foreclosures?
- What about walk-aways?
Questions like these are why Treasury Secretary Paulson and Chairman Ben Bernanke want you to rush passage of this bill. Both want you to pass Paulson's bill before you have time to think.
Fannie Mae (FNMA), the mortgage-financier seized by U.S. regulators in 2008, will pay the Treasury Department...
