Here are a few links that can, I think, shed some light on this discussion: Obama Foreclosure Plan Gets Generally Positive Reviews Marketwatch: Lawmakers and bankers support Obama loan plan Here's a link to a summary of the plan being proposed: Homeowner Affordability and Stability Plan I was on a conference call this morning with members of the Administration from the Treasury Department and HUD and the general reaction was positive, although most of the people on the call were part of the affordable housing and foreclosure intervention communities around the country.

Whereas just raising the hell out of taxes for any 'affluent' individuals making $40,000 or more would be the current administration's choice.

In the first bailout by the Busch administration AmX was granted permission to be a bank so they can get their share of the bailout money.

"With two missile strikes over the past week, the Obama administration has expanded the covert war run by the Central Intelligence Agency inside Pakistan, attacking a militant network seeking to topple the Pakistani government.""

Once we've suffered the pain, then maybe there would be something they could do to improve things.

Over 48% of loan modifications done by Bush administration went into reforeclosure (probably more by now).

GFEOrigination Fee 3,650discount 602.65appraisal 350processing fee 450tax service 83underwriting fee 650LOL Flood cert 6administrative fee 675per diem interest 1282.5hazard ins 600county prop taxes 2558.1settlement/closing 200title insurance 1,300misc title fee 150endorsements 250 recording fees/deed 125 total 12,931.85I am suspicious of processing fee, administrative fee, misc title fee, settlement/closing, and endorsements... am curious to see what some of you who are versed in mortgages think.

Turning streets and neighborhoods around is a pain in the butt and can be somewhat dangerous.

This causes much pain, as anyone who remembers the early 1980s can attest.Here is an article I wrote a while back about hyperinflation in Germany after World War I:http://www.biggerpockets.com/renewsblog/2008/09/29/a-bag-of-money-to-buy-a-loaf-of-bread/ :cool:

The money he received for pain and suffering was not taxable, money replacing lost income was and reimbursement for medical expenses was not.