I def. think he is Fracking high on something.
First, this "plan" would piss off a lot of people who bought houses they could afford and would then watch others who bought houses they could not afford (granted given bad advice/loans) and have taxpayers bail them out so they can stay in homes they really should not be in, in the first place.
If there had been oversight in the govt and better regulation, none of these people would be in the situation they are in because it would have been a crime for these douche bag mortgage brokers and others to pitch them and give them the loans.
So now this guy wants to take another $300 billion on top of the almost trillion the tax payers have already put into this mess. What a fracking idiot.

I soppose all he has to do is borrow money from The Federal Reserve at interest. Why should $3,000,000,000
matter that much against $10,000,000,000,000 worth of paper. The grand childrens children will have to worry about thet
Just look where he plans to get the money. Monopoly money is Literally worth more, at least then you know it's a game. The $US is a debt contract with the Federal Reserve, even when the budget 'balances' Great way to mortgage the entire country.