Next Up! Stop Foreclosures

With bank bailouts, auto bailouts, and a massive stimulus plan underway the next plan is to stop the flood of foreclosures. Obama’s plan calls for increasing funds set aside to Fannie Mae and Freddie Mac as well as subsidising some mortgage payments. Mortgage payments over a certain percent of a persons income would qualify for subsidies.

The cost of the plan is said to be in the $75 Billion dollar range.