Analysts at CNN offer little hope that Mortgage Bailout II will fair much better. This time around (two years later), there are 11 million in need of some kind of help. Of that number, the 3.5 million who are actually in foreclosure will not receive any benefit from this rescue. In fact, you must be current in your mortgage payments to qualify for help. Estimates are that less than 900,000 will receive any of this aid, and none of it will mature into benefits (aid) for 18 to 24 months -- long after the election is over.
Do you need any more information to decide whether this is a true "rescue" bill, or just another expensive talking point for Obama's 2012 campaign?
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