https://redstate.com/moe_lane/2010/08/05/white-house-to-bailout-underwater-mortgages/feed/Conservative News & Politicsen-usWed, 10 Jun 2026 01:53:03 -0400<![CDATA[Today&#8217;s hot rumor comes from James Pethokoukis: essentially, the White House (which is becoming increasingly frantic about the way that their Super Magical Unicorn Genius economic plans  aren&#8217;t working) is scheming to partially bail out people with underwater mortgages.  I know, I know: the government was not supposed to acquire Fannie/Freddie just to completely rewrite their balance sheets, but the existing scheme to let the mortgage industry gradually repair itself was apparently&#8230; a Super Magical Unicorn Genius economic plan.  This new plan won&#8217;t do a thing for F/F&#8217;s value as companies, but then this wouldn&#8217;t be an economic strategy.  It&#8217;s pretty blatantly a political one.]]>Thu, 05 Aug 2010 10:00:59 -0400<![CDATA[Moe Lane]]>https://redstate.com/moe_lane/2010/08/05/white-house-to-bailout-underwater-mortgages-n35761