Detailed text transcripts for TV channel - MSNBC - 20100327:14:09:00
That they had a similar program last year where they thought they would get a lot of lenders and borrowers together to write down some of the value of some of these mortgages, how much they owe, do homeowners owe. not a lot of people subscribed to it and not a lot of lenders wanted to get involved. now they'll throw billions of dollars in it to try to incentivize this, to get lenders and banks to sit down with people underwater with their loans and try to write down the principle of those loans. look at how the plan works. jobless homeowners. if you're unemployed, can you get a three-month to ...
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