John Crudele has a story in today's New York Post about the recently leaked proposal from Obama to promote refinancing of home mortgages. The story is so important that I have linked it to this post and recommend that you all read it in full. Just click on the title to this post to get to it.
Crudele makes the point that the program that Obama has supposedly decided on is already underway and has been for years. It is nothing new. Indeed, there is massive confusion in the government itself about the status of refinancing programs run by the government. The second point is that the existing program is pretty much a failure. That means that there really is no point at all in a new and repackaged program put forward by Obama.
But read it for yourself....
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