Objects in Mirror: February 18, 2009 Archive

Will a bailout plan for homeowners work?

Posted at 8:36 AM on February 18, 2009 by Julia Schrenkler

MPR's Midmorning crew brings in guests Alan Zibel, a business writer for the Associated Press and Cheryl Peterson, the manager of the Twin Cities Habitat for Humanity foreclosure counseling service to discuss the pending mortgage aid plan.

In a timely commentary, Lawrence Golon of Streamwood, Ill. writes,

"Getting a modified mortgage when you've lost your income and have to depend on only one income is a bit impossible! I think the poor guy on 'Main Street' is doomed to be poor."

This made me wonder...What would a successful mortgage bailout plan look like? Play armchair politician with me here for a minute, and describe the economic model that you think would work best in our online discussion.

* Listen to MPR Midmorning: Bailout plan for homeowners: Broadcast 02/18/2009, 9:06 a.m.
* Post your comments in the online discussion: Will a bailout plan for homeowners work?