By Chuck Butler, editor
Currency Capitalist
www.worldcurrencywatch.com

I hear the new administration is working on a new plan for mortgages. There are reports suggesting the Obama administration is hammering out a program to subsidize mortgages.

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.

That's nice... You know, years ago, when my beautiful bride and I didn't have two nickels to rub together, we still paid our mortgage no matter what. At no time, EVER, did I think someone, would bail me out!

And I know I'm not unlike the majority of people in this country. So, you have to wonder what happened here? The government is stepping in to "help" you.

I've told you before that Ronald Regan used to say that the scariest thing you can hear is "Hello, I'm from the government, and I'm here to help."