"Lenders would be required to make sure prospective borrowers have the ability to repay their mortgages before giving them a loan, under a proposal released by the Federal Reserve on Tuesday." Ummm, okay. So what have they been doing up to this point?!!!

Ha. SS part two indeed. Like it our not the responsible people of this country will be the ones who have to come to the rescue of those that otherwise don't plan for their retirement. I'm gonna have to really start saving more in my 401k because by the time I look to retire it will be confiscated because I have been so...more

just the fact that cramer is recommending this should be more than enough to tell you why this is a bad deal. Can't wait to start shorting this.   Think any of the old GM bondholders will buy? Oh wait that's right, GM and the government stole their savings and gave it to the unions.

Im with havasu46. Forgive and forget? Not a chance. I understand the move was good for the economy still the government was allowed to circumvent their own law when they took out the bondholders without liquidating the company. Total BS.

Hah. A price for integrity for some? How about ALL those that legislate. The fact that campaign "contributions" do not count as bribery is really beyond me. Our so called leaders make decisions based on special interests and to say they serve their constituency without thought of who is really buttering their bread is ...more

Mentions the SEC as a investor protection agency......hmmmm.