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The Mortgage-Freeze Plan: Still Very...   A Plea, Part 2
Dec 7 2007 12:00PM EST

A Plea

Please can the punditosphere stop referring to the mortgage-freeze plan as a "bailout"? As Edmund Andrews says in his first sentence on the front page of the NYT today, it isn't. The FHA's FHASecure plan, which has existed for ages, might conceivably be considered a bailout. This one involves no government money or government guarantees, and there's no transfer of funds from the taxpayer to anybody at all. So it's not a bailout. Thank you.

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