https://pjmedia.com/richardfernandez/2009/07/01/going-under/feed/PJ Media is a leading news site covering culture, politics, faith, homeland security, and more. Our reporters and columnists provide original, in-depth analysis from a variety of perspectives.en-usThu, 11 Jun 2026 02:20:21 -0400<![CDATA[The administration is expanding a Federal bailout program to allow those deeper &#8220;underwater&#8221; to refinance with Freddie Mac and Fannie Mae. While the program is supposed to help out homeowners facing foreclosures, critics have called it an expansion of the disastrous subprime loan program. The Wall Street Journal describes the refinancing scheme:]]>Wed, 01 Jul 2009 14:21:50 -0400<![CDATA[Richard Fernandez]]>https://pjmedia.com/richard-fernandez/2009/07/01/going-under-n188711