Project Lifeline, Legislating Reality After The Fact

I recently stumbled a wonderful new project by our wonderful government called Project Lifeline.

Thanks to this wonderfully brilliant contribution by our governing officials, banks will actually spend 30 days negotiating with borrowers to resolve their loans before foreclosing on them. This is such a great idea in fact, that banks have been doing this voluntarily for years with no government involvement at all!

This is basically the banks borrowing the governments credibility (imagine!) because for some reason people trust banks less than they trust our 'fiscally responsible' government. When the banks call the homeowners asking them to refinance, people avoid the calls like the plague.