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Jim

February 12, 2009, 3:50pm

I don't understand why there is such emphasis in state and local government financing from a national government source. I do understand that the national government has more sway to come up with debt financing (counterfeiting money) than local governments have, but counterfeiting financing whether at the state, local or national level is bound to lower the real value, if any, of our existing monetary system.

Plus, this legislation fails to address the original lead to our current problem, foreclosures, lost principal and interest due to overloading loans which sap the homeowner from keeping cash flow continuing.

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