We Thought It Was Absurd Too, But It Turns Out That Obama Really IS Going To Pay Your Mortgage

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You thought she was kidding at the time, didn't you? Shows what we know about the absurd. (Nothing).

The Obama administration is hammering out a program to subsidize mortgages in a new front to fight the credit crisis, sources familiar with the plan told Reuters on Thursday, firing financial markets.
In a major break from existing aid programs, the plan under consideration would seek to help homeowners before they fall into arrears on their loans. Current programs only assist borrowers that are already delinquent.

Speechless. (No word on gas yet though- stay tuned).
Related video, after the jump.

Obama eyes home loan subsidies in rescue plan: sources [Reuters]

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