Right now we are giving money to banks with so called "Liquidity Injections" in hopes that they will do more lending. Doesn't seem to be working because they will just hoard the cash till they know the future is brighter.
Loan Modification will be the primary focus with Regardless, I'm thinking that Barak Obama will be more helpful to homeowners facing foreclosure.
Some of the proposals which are likely to be a government proposal to cover as much as 50% of the losses on modified mortgages. Wow, another handout to the banks. Why shouldn't they just take the loss
Check Obama's site for info on foreclosures Obama, http://www.barackobama.com/2008/03/27/how_not_to_prevent_foreclosure.php
What are some of the proposals you think will be passed during the Obama administration?
Let's hope that we can get through these massive layoffs and job losses.