Gibran Nicholas, Chairman of the CMPS Institute said, "Negative homeowner equity is the one root problem that Congress can help solve.”  He further stated, “"If homeowners have no incentive to keep up their mortgage payments, the problems in the housing markets could continue to spread and plunge our country into a deep recession," continued Nicholas.

Excuse me, but can someone give me chapter and verse in our Constitution that our government has the authority to do this?

The title of the e-mail was ”What Congress can and should do to help solve the housing, mortgage and foreclosure crisis.”  I would submit the title should be, “What Congress cannot and should not be doing…”

We can go back in history when the Government bailed out Chrysler by way of a loan. That set a precedent. Whenever there is a catastrophe, the media starts up with the mantra, “What is the government going to do about this?”

Now our government is in the stock brokerage business by way of Bears and Stearns. Ok, I going to say it, “Our constitutional form of government doesn’t guarantee everybody free or affordable health insurance either.”  Whatever happened to the free enterprise system?

Do you really think the CMPS approach is going to solve the mortgage dilemma? If this passes, and I hope it doesn’t, do you think it will help you sell more house? Let me know your thoughts.