I haven't formed an opinion on this yet.<quoted text>
Look at what Obama is doing now with the loans for homes to those with weak credit???? Oh, my gosh! That's what got us here in the first place.
At first glance I don't like the sound of it. However, the FHA is under the Administrative Branch, they insure a large portion of the loans made. The housing market really has been holding back the economy. Cautious and careful move to loosen that market could be very beneficial, both to young people and the economy at large. Going wild with loosening credit would be very dangerous and distasteful.
So, the Devil is in the details, and I don't know the details yet. We'll have to see exactly what is being proposed and what safeguards are intended to keep things from getting out of hand again.
How can you be so brainwashed as to reject something that may (or may not) be extremely beneficial without even knowing anything about it?