3. Disagree. I know two families who bought homes and benefitted from the credit.
Both families hired people to make home improvements. They also purchased furnishings, appliances and home electronics for their new homes.
Costly? The savings and loan and mortgage backed securities failures were costly too - and the only people who benefited were a small group of bankers and investment people. I would rather help main street than the banksters.
I think the author is whining that the program helped people rather than investment banks.
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