Aside from the inflammatory title, the latter article suggests such a 'windfall' would be evenly distributed (e.g., ~2K per underwater household). I'm not so sure... I'm guessing some proportional payout would be implemented, provided this goes through. Any thoughts?
invite response
How much does it cost for the banks to squirm out from under the current foreclosure fiasco? 20 billion sounds about right:
http://online.wsj.com/article/SB10001424052748703842004576162813248586844.html?mod=WSJ_hp_LEFTTopStories
via zero hedge
http://www.zerohedge.com/article/socialism-gone-apeshit-obama-wants-use-proceeds-20-billion-fraudclosure-settlement-reduce-un
Aside from the inflammatory title, the latter article suggests such a 'windfall' would be evenly distributed (e.g., ~2K per underwater household). I'm not so sure... I'm guessing some proportional payout would be implemented, provided this goes through. Any thoughts?
#housing