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Originally Posted by dc_dux
The primary beneficiary will be the lenders and investors.
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I don't see that in Paulson's comments. It seems the focus is to ensure more people are able to keep their homes by pressuring financial institutions to roll-back rates. The only Federal money seems to be going to the FHA to provide MORE lower income low rate mortgages. This is all Federal...how are the lenders and investors benefiting?
The way I see it, the financial institutions are going to "eat" the additional income they were expecting from higher interest rates, and the tax-payers are going to fund government plans to aid borrowers who made bad financial decisions.