The Mortgage Refi Plan - True or False?

Here's what Rush had to say on the subject:

RUSH: This is interesting. This cleared about 7:30 last night. "White House Said to Have No New Plan for Mortgage Refinancings." It's a Bloomberg story: "The White House has no plans for a new mass mortgage refinancing program, an administration official with knowledge of the matter said. Bank of America Corp. led a surge in shares of U.S. lenders today on speculation that the [regime] might provide more aid to distressed homeowners." Now, this was a real story, and it was a real story from James Pethokoukis, and it was sourced with administration people -- and it was highly detailed. We had it yesterday. I spent a lot of time detailing it on this program, what it was going to be.

Now, all of a sudden at the end of the day yesterday, the regime puts out this announcement: No, no, no, no, we're not doing any of that! (I wonder why.) I wonder why the regime did that. Do you understand the fur that must have been flying? Do you understand the phone calls that must have been flying all over this country when people find out about this mortgage refinancing? HARP 2 it was going to be. It's a real thing. And now the regime said: No, no, no, no, no plan to refinance mortgages. Unstated in the story is: "Limbaugh doesn't know what he's talking about." But don't believe 'em. It's an idea. It's a serious idea. They've got it. There are detailed plans.