That is it! Gov has wasted huge amount of money already, but the most effective way is to admit the mistake and reimburse investors of BAC and C. IMHO
You paid too much for your C stock and now you want the Government to buy your shares for 10 times their current trading price. So you can make a profit on your underwater stock ?
Hahaha - now I have heard it all. I guess up is down, and down is up.
That notion that homeownership should be expanded is a direct outgrowth of the Community Reinvestment Act legislation pushed by Democrats in the late 70s.
Blaming that on Bush is ignorance of history (at best).