Subsidies going to subprime lenders

That's right, according to a Washington Post article, the Making Home Affordable program is giving incentives to the very lenders that created the credit crunch. Many of the subprime lenders that lent money during the hay day, are now getting paid to help modify and postpone foreclosures.

It's ironic. Banks and lenders in general make money no matter the situation. The article continues, "For example, J.P. Morgan Chase, Wells Fargo and Countrywide, which has been bought by Bank of America, are eligible to receive billions of dollars under the program, according to the report."

So how do we feel about that?