11) This is not a bailout.
10) The Paulson mortgage plan does not violate any contracts.
9) There will be no lawsuits from investors (other than lawsuits that would have happened anyway).
8) These are not teaser rates.
7) The plan is voluntary - not a mandate - and this is not government regulation.
6) The plan targets homeowners with weak credit who owe more than their house is worth.
5) This is an industry / investor plan. This is about helping the investors.
4) The savings for the investors will be small.
3) Recidivism will be high.
2) For the Home Builders: Nothing.
1) The purpose of the plan is to publicize that lenders will modify loans.

The goal of this plan is get homeowners to pick up the phone.