It will not help speculators who took risky bets on a rising market and bought homes not to live in but to sell. And it will not reward folks who bought homes they knew from the beginning they would never be able to afford.
President Obama clarifies who will not benefit from his mortgage rescue plan.
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That's what I hope every visitor to this center takes away from their experience.
They're meant to remind us of who we can be, to remind us of what's possible, so we can forge ahead.
The essence of Prop. 50 is to say that if you are going to play that game, then we are going to try to counteract that abuse of the system.
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