Treasury To Announce Mortgage Writedown Plan

Gov't to unveil plan to shrink some home loans
http://www.google.com/hostednews/ap/article/ALeqM5gyoZ46fqVwnds84XZfpZHVMrkGCgD9ELTG200

"The Obama administration will announce Friday a plan to reduce the amount some troubled borrowers owe on their home loans, two people briefed on the matter said.

The two people declined to be identified because the program had not yet been announced. Details could not immediately be learned. But earlier in the day, Herbert Allison, an assistant Treasury secretary, told reporters officials are close to expanding the administration's $75 billion foreclosure relief effort.

The administration is also expected Friday to announce aid for homeowners who have lost their jobs."

Look folks this is not going to end very well anyway, but you better get your State out of this mess as soon as possible. Why even pay your mortgage? I really can't think of a reason to keep paying on an upside down mortgage.

State citizens need to take back their State governments and repeal all the Federal agreements with the Federal government. You and your State government are really partners in this mess with the Federal government.