Tagged: default

“Matters of Principal” – Mortgage bailout misses the mark

School of Law Professor Susan Koniak, in a New York Times op-ed, says the Obama mortgage bailout plan won’t stop foreclosures because it concentrates on reducing interest payments, not reducing principal – a waste of taxpayer money that won’t fix the problem. “For subprime and other non-prime loans, which acount for more than half of all foreclosures, the […]