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Vote buying rumor...

my head is spinning trying to evaluate all of the unintended consequences of the below story. do they really think this is net-positive politically? what about blowback from responsible homeowners? what about privately held mortgages?  

big question:
does the market read this as a well planned stimulus that cuts to the heart of the problem or as a sign of desperation (political and economic) from a team that lacking in clear policy solutions and willing to bet the farm (and dollar) for short run political purposes?

either way: if this occurs, you have to think short the dollar and long gold.