Detailed text transcripts for TV channel - FOXNEWS - 20120209:14:06:00
Those people underwater, some of them will have the principle reduced by up to $20,000. that is over a million people there. so here you have this moral hazard. one group of people who have been affected by the housing bubble get nothing. two other groups of people get something. that is moral hazard. there is also the issue of the banks. are they entirely to blame for this because they're the ones who have having to shell out $26 billion. there is the issue of how do you work all of these groups of people through the system? imagine the documentation problem here? and finally, will this help ...
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