2011-05-23mfi-miami.com

``When over half of your constituents are upside down on their mortgages, you would think a smart politician would want to support a provision that would allow qualified homeowner to receive a principal reduction on their homes as part of a loan modification... The real reason Bondi is opposed to principal write downs is not because they are a "moral hazard," or because of some idealogical political dogma. After all, she switched from being a Democrat to a Republican after she discovered she had a future in politics. She opposes principal write downs on mortgages simply to keep her political sugar daddies happy...''


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