Okay, assuming I understand this, it appears that rather than having the government buy up and somehow make good all those bad mortgages they instead plan to give the banks MORE money to lend and told them to try and not waste it all by stuffing it in Hooters waitresses’ bras THIS time.

So all those people who danced in the streets because an Obama win meant they would not have to pay off their home mortgages and make their car payments got took? Who woulda thunk that?

As for the Moral Hazard, I recommend that rather than closing Club Gitmo we convert it into a prison for the executives involved in this as well as a Debtor’s Prison for the people who defaulted on more than one house.

And also eliminate the middleman and just give the money directly to the Hooters waitresses.