Because of the recession in the United States, a lot of families have lost their homes to banks for failure to pay for their mortgages.  As apparently a quick solution to this, the Obama administration is mapping out the idea of having the U.S. government pay for these mortgages for those who have fallen behind on their payments, and afterwards, just pay rent to the government.  Sounds more like damage control rather than a long-term solution.

Sources told Reuters that it is possible that delinquent homeowners might surrender the ownership of their homes but would continue living in them for years.  The source of the government’s budget to make mortgage payments on behalf of the borrowers who cannot keep up with their home loans, is also being discussed, as a portion of a $50 billion housing aid kitty might have to be tapped.

Another issue here is that aside from the U.S. being a federal government that makes cars at GM and lends money at Bank of America, with this new intervention being drafted, it is possible to also become the largest landlord in the country.

Talk about the poor becoming poorer and the rich becoming richer.  Now the powerful will now have more to lord over.