Homeowner Affordability and Stability Act

[wiphan]

I honestly can not believe what is going on in our country right now. Within 2months everything our country was built on is gone. OBAMA for Change alright!

The homeowner Affordability and Stability act rewards people who did the wrong thing. Those who saved for a rainy day, prepared for possible job loss or rougher financial times, didn't spend $ that they didn't have are being left out and those who spent ridiculously, bought a home they shouldn't have are being rewarded with mortgage modifications. Haven't we learned that mortgage modifications don't work? The performance of modifications from last year have shown that 50% go deliquent in the first 6 months following the modification. It is like telling your child they shouldn't do something and then when they still do it against what you told them you give them a piece of cake after. Completely ridiculous.

Now I understand that some good people who did the right thing that had a job loss, etc. will benefit; however the percentage of those I believe will be less than 10%. Many people will take advantageof this program and find ways to beat the system just like all government run programs. Whatever happened to capitalism?

Anybody else frustrated?