Though the discussion about the banking reform bill generally had involved the extent to which banks would be regulated, Rep. Barney Frank and Maxine Waters have the national checkbook out. Using funds that were supposed to go to TARP and be repayed by the banks, Frank and Waters want to spend another $4 billion on "mortgage relief payments to homeowners in order to defray mortgage expenses."
Stating the obvious, but this one really is just naked socialism no matter what spin Frank may put on it.
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