OCHN: The ongoing housing bailout: taxpayers own 50% of all residential mortgages

The banking bailouts shouldered by the US taxpayer continue through the government loan guarantees keeping mortgage rates low to support bubble-era prices.

Many homeowners held out hope that if they could just keep current on their mortgage long enough, the government would come to their rescue...
The ongoing housing bailout: taxpayers own 50% of all residential mortgages