The New Housing Plan

[erpowers]

I do not like the new housing plan. My main problem with the plan is the chance that banks will be given incentives to help homeowners on the verge of losing their homes. It is not that I am against helping homeowners who might lose their homes. I do not think banks should be given incentives to help homeowners. Banks already have incentives to help homeowners that are close to foreclosure. I think it would be better for the government to make it mandatory that all banks must reduce the prinicpal on all homes that have worth less then what the owner owes.