The conditions for the HOME BUYERS REBATE in the new bailout are something like:
1. You bought the house after April 2008
2. You did not own a home during the previous 3 years
3. The rebate phases out with increased income.
So, low-income, first-time buyers will get the rebate, but will they be able to make the mortgage payments? Will they be required to give the rebate back if the default on the mortgage? Isn't this the kind of stupidity that got us into the present mess? Nahh, couldn't be...could it?