Ok....they've finally done it! Our tax dollars are actually going to be used to "Forgive" principal on "struggling" home owners. Here's the quote from Bloomberg; "Lawmakers will agree to release the funds in exchange for Treasury Secretary Henry Paulson and Obama agreeing to programs that cut interest rates and forgive a portion of a mortgageâ€™s principal, House Financial Services Committee Chairman Barney Frank said in a telephone interview yesterday." I'm sitting here shaking my head. So does this mean that someone who LIED about their income and is making $40K and living in a $400,000 home can now own that home? What bothers me the most is our gov't using MY tax dollars to allow people to own homes that DO NOT DESERVE TO OWN A HOME. Mr AH Frank will try to tell us it's for the greater good of us all because this will stem the tide of real estate price declines. My reply is "NO, IT WON'T" Not when our unemployment rate is soaring and getting higher every month. What a frikkn' wast of tax dollars. Hey everybody, let's pass the hat so these poor poeple can stay in their homes! Even though they were stupid in the first place. Hey, who wants to have their principal reduced? All you have to do is miss some payments and you're all set! PURE BULLSH1T!!