This often happens when the economy is in shambles. For this reason, people have lost jobs in some instances because of the shaky and unpredictable economic patterns in the country (Cott, 2012)
While seeking to fulfill the needs of those who have had a chance to develop their finances well but have had a temporary job loss will, loans be availed to them. In this program, the government comes in to assist the people meet the mortgage payment requirements (Dennett, 2007)
It came after the Senate approved the acquisition of estranged property to the government as a way of relieving the owners of the financial burden. Even thou the acquisition was not to fully to transfer the ownership of the property to the government, it became evident that there must have been a case of better developments for the government to save the people of the hardship problems that they had gone through (Martin, 2010)
The government grant is temporary and ends when the income of the individual has been restored or after a period of two years, whichever comes first. This time is long enough to restore the income threshold status that an individual needs to meet the basic issues of life (Melton, 2007)
The Wall Street program and the individual bailout program was both geared towards helping the people manage their housing program much easily. It gave them the chance to manage the programs that were set out for every person as regards the constitutional right to own a decent home (Wilson & Ron, 2009)