Is $21K “Cash for Keys” Proposal the Worst Idea Ever?
March 29, 2011 (Chris Moore) Last week Federal Deposit Insurance Corporation (FDIC) Chairperson Sheila Bair proposed a “Cash for Keys” program as an option that would allow 90-day plus delinquent homeowners to be paid $21,000 to move out of their homes. With visions swirling in my head of millions of current homeowners taking such an [...]