House approves bill helping mortgage borrowers

Here you have it, folks. The plan is to re-fi borrowers out of unsustainable loans into what will effectively be government subprime loans (and keep inflated home values going a little longer). The new limits will be 0-down; up to $730k for FHA backing. The general public will pay dearly for this. We are blown away by the gall and stupidity of this move. Intervention was the poison; and we are to believe that more intervention (towards the same end) is also the cure.