09/25/2012
https://transcripts.cnn.com...
"There are 10,900,000 American homeowners who are underwater right now today."
"the cost is far greater to the country for somebody to default on the loan and have it foreclosed on than it ever would be a loss to help them stay in the house."
"It was to create stability where stability does not exist."
"It will put pressure on FHA, Freddie Mac, and Fannie Mae to the extent they can't stand it."