Quote Originally Posted by Puckstop31 View Post
Palin needs to stop tap dancing. LOL

But did I just hear Joe say, "not only reduce the intrest rate, but ALSO the PRINCIPLE..." How? Is the gubment gonna give my bank money towards my principle?.
I have heard economists - no particular political affiliation - talk about working with banks to help people who are at risk of foreclosure renegotiate their loans, and that includes in some cases the bank agreeing to lower the principal, rather than having to deal with the costs and expenses of foreclosing on a property. So it wouldn't be the "gubment" giving the bank money, it would be the bank agreeing to take less money from you.