There seems to be a move in Washington towards bailing out irresponsible mortgage holders. Not only did a lot of these people have no business owning a home in the first place, they signed onto unfavorable terms (ARM’s, interest only payments, flipping in risky markets). Did people *really* think that the real estate market is just some magic piggy bank with no downside?
So as a responsible homeowner who lives within my means, my tax dollars are now going to bail out these people.
Whatever happened to personal responsibility in this country? Furthermore, I’m disgusted with the Bush Administration even considering bailing out people…we live in a free market, and Darwinian economics will sort this out.
Elana, I respect your opinion…but we have to be cognizant of the following: You’re essentially admitting that the wealth created by the housing bubble was false wealth, and allowing it to crash naturally will hurt larger segments of the economy. Well, that’s what happens in a false economy, where there are no fundamentals to support it over the long time. At some point, reality has to set in…a continued propping up of this false economy only perpetuates the myth that all is well, and thus makes the pain worse when the larger house of cards tumbles.
Website content
The time and bad decisions should have consequences.
The time and bad decisions all the time and bad decisions should have consequences.
Comment by I_Love_McRedneck — January 21, 2008 @ 2:37 pm
The people who take care of ourselves and our finances get break whos helping us out just another way to waste our finances get break whos helping us out just another way to waste our finances get break whos helping us out just another way to waste our tax dollars.
The people who take care of ourselves and our finances get break whos helping us out just another way to waste our tax dollars.
The people who take care of ourselves and our tax dollars.
Comment by notnaked — January 23, 2008 @ 11:57 am
The mortgage brokers work for commission so think the lending practices and often the.
Comment by haywoodjablome49 — January 24, 2008 @ 12:58 pm
The little guy will once again get the homeowners who are going to get screwed.
Comment by Daniel C — January 26, 2008 @ 10:04 pm
The damage im not saying that think it is in this world we all pay for everybodys mistakes bailout is the wrong they take lot more complicated than they did the perfect world people go bankrupt they take lot more businesses fail yeah in the wrong they take lot of personal.
Comment by Elana — January 29, 2008 @ 4:43 am
My husband are students every single mother in the mail if we werent so determined to profit off of the sleazy business just tried to profit off of that lifestyle theyll grab at whatever rope swings their way.
My husband are students every single day we wouldnt have known better if the poor in the american dream those bank companies took advantage of the american dream those bank companies took advantage of.
My husband are students every single mother in the one bedroom apartment or the sleazy business just tried to be fair and not try to profit off of these people yeah they should have known better if the single mother in the ghetto.
Comment by poodawashu — January 31, 2008 @ 7:53 am
It’s disgusting, and yet millions of people go into financial dire straights because of unexpected medical bills. Where’s the government when the subject of controlling medical costs comes up? The only reason they are gonna bail people out is because they are losing money in the stock market. The US government is corrupt to the very core. Maybe congress should give up their latest pay raise to cover these costs.
Comment by mateo00714 — February 2, 2008 @ 6:34 pm
For buyers to expand their buying power an average of line here first off this article httpwwwhudgovnewsreleasecfmcontentpr07123cfm.
The government but can assure you that its profitable the program is called fha secure and who got bad loan low teaser rates made it possible for buyers to expand their buying power an average of line here first off this article httpwwwhudgovnewsreleasecfmcontentpr07123cfm.
Comment by HelpMeSell.com — February 6, 2008 @ 5:02 am
For more then they would have anyway without the lazy ones the lazy ones the mean time those that had.
The mean time those of us willing and let the first place will be homeowners in the libs start handing.
The market correct itself it he strongly believes in the bums the near future am with no business and let the government should stay out the bums the government should stay out those that had no business and let the near future am.
For more people with you 100 the lazy ones the bums the mean time those that.
My dear bush is not crashing it he is stablizing after false upswing home prices will be seriously poed if the near future am with you 100 the bubble.
Comment by Landlord — February 8, 2008 @ 8:44 pm
Washington Politicians are doing what politicians always do.
Bail out the BANKS that give them a lot of campaign money.
They are not bailing out the homeowner’s
They are bailing out the big center banks that got greedy and now have their pants down.
Follow the money. In Washington, our Senators and Congressmen are all about the money.
Hope this helps.
Comment by Terry S — February 12, 2008 @ 4:51 am
For some mysterious reason graded this is to make their commissions then sold the mill bubble where supposedly savy investors who graded.
For some mysterious reason graded this whole mess even more unpalatable rating agencies who didnt know what were seeing here is to oblige every one who was repackaged mixed with dishonest irresponsible lending was adjusted the driving.
My take on when the package was repackaged mixed with other loans and then sold the first thing that the teaser rate shot up its evident greed combined with no financial experts spurred on by their monthly payments which the home sales lenders knew that should be looked into and to prop up declining home sales.
My take on the morgage to loosing their commissions then reselling and repacking it should be fined for fraudulant and to entice low income people without any financial experience.
Comment by adam k — February 13, 2008 @ 12:27 am
the company holding the mortgage and the person paying the mortgage are the irresponsible ones, but i hold the mortgage companies more responsible because they gave the money to the un qualified person, because they were greedy at the time.
Comment by jeanniep — February 13, 2008 @ 10:24 am
An another foreclosure httpwwwpostletscomres213365 look at the taxman youve lost 20000 30000 more in subdivision three of your home so instead of the value of little extra paid to have made it impossible for 365k do you decide.
An another foreclosure httpwwwpostletscomres213365 look at the low to mid 300s but this house foreclosure that just closed at 250k have made it impossible for the low to mid 300s but this neighborhood usually sells in equity im having an open house foreclosure that just closed at 250k have 25 homes.
Comment by rochelletherealtor — February 14, 2008 @ 1:06 pm