Homeowner Bailout Does Reflect Some Market Realities

" In the last few days, I’ve read a chunk of the faith-based commentary on the Administration’s new Homeowner Affordability and Stability Plan. The media, whether they pretend it’s news (in which case their coverage is “infotainment,” or blogging from an assigned workplace during defined working hours) or call it commentary or opinion (in which case, it’s proto-blogging), do not make extensive use of facts about any of the mortgage businesses or markets implicated in the current economic disaster. Or, worse yet, facts are invented or misappropriated to seemingly suit a writer’s deadline or agenda. (Or both.)"