It is not the errant homeowners who are being bailed out...sm

Posted By: VTMT on 2008-09-28
In Reply to: Barney Frank is a big culprit in this... - indemt

it is the lenders. Poor hoodwinked borrowers get nada.

The only reason I am for the bail out is I want to get a pay check next week. I work for a big national and have direct deposit. Do you think my company mails a check to my bank every payday. No it is drawn on a line of credit. If everything collapses and lines of credit dry up, you and I may be affected.

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Tina Fey spot on again. sm - Anon
- huffingtonpost is crap. That garbage should be - banned from the web, shameful site. nm
  - Certain groups in this country sure are big on - BANNING things.
  - Tough. Still a free country. sm - Anon
    - So true. What those guys say on the air - borders on outright hate speech.
    - huff is a great site - wickedwicky
      - for folks who don't want to think for themselves - reboot
    - Unfortunately, our "free country" celebrates "Huff" - and the hateful left. Why are you like that?nm
      - Probably the same reason the hateful right is - 'celebrated' by some. Different opinions.
      - It's true. The left hate anyone who disagrees with - them. I used to be one, til I learned more.nm
        We don't HATE, like the right does. We simply - DISAGREE.
        Read all the posts here and then come back.. - sam
        Playground Politics - reboot
        Shouldn't your pen name be "ROBOT"? - ?
        Wow - how long did it take you to think of that one? - reboot
        must be that ol' dyslexia again - !
        Boy, that never gets old. Never. You should write Osamabama's speeches. - reboot
        Maybe it was just you that was hating. nm - I don't hate nobody
        Right, you don't hate nobody, you hate - everybody who doesn't
        please back up this sweeping - wickedwicky
        The Right's been CLUTCHING AT STRAWS these - past few days, haven't they?
    - There is a difference between the two - jmo
      - Faux news and Huff - wickedwicky
      - And what do you think Faux news is? Sm - Anon
        At least they make an effort to be fair - jmo
        Yes fair and balanced. sm - Anon
- Saw it. Funny indeed. Need a good laugh right. - Laughter is the best medicine
- We are about to be on the hook for billions... - sam
  - The democrats did not cause - You'vegottobekidding
    - Presented with irrefutable truth.... - sam
    - Are you kidding? - They are both at fault!
      - I can understand you being sick of it.... - sam
        It's been awhile since I've posted - They are both at fault!
    - You have got to be kidding!!!! - Backwards typist
      - No, I'm not kidding - You'vegottobekidding
        This doesn't sound like it is coming from your "mouth" - Backwards typist
        Why didn't you appeal the assessment to the county? - Just wondering
        We did. That's why it's only $100,000. - Backwards typist
        all the regulatory failures you list here... - sam
        How much time did you spend watching - Working 7 days a week here
        It's more than borderline obsessive.... - FANATICAL is more like it!
        It took about an hour after I viewed the video. - sam
    - Barney Frank is a big culprit in this... - indemt
      - It is not the errant homeowners who are being bailed out...sm - VTMT
        I just read the draft of the bill on line... - sam
        Exactly right, the modifications... - indemt
        Hoodwinked? Some maybe, but most - indemt
  - Can anyone interpret this? sm - Anon
    - I'm just glad she's not a doctor, and I don't - have to TRANSCRIBE that! Aaaahh!
    - I do believe she is sincere in caring about... - sam
    - Standard beautiy queen boilerplate - wickedwicky
      - I thought "Boilerplate" was the brand of hairspray she - uses on the "B-52's" beehive.....
    - First of all, I don't see that she answered the question. nm - oldtimer
    - Maybe the transcription was outsourced to India! nm - And that is why it doesn't make sense
      - Your post wins the BEST COMEBACK award! - Totally cracked up at that one! ; )
  - Answer. sm - Anon
    - The bimb* comment speaks volumes.... - sam
    - And even worse, 2 heartbeats away... - another oldtimer

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Distressed Homeowners Get New Options

President Barack Obama's plan to aid troubled homeowners, set to be unveiled Wednesday, will include efforts to cut monthly mortgage payments, allow more borrowers to refinance their loans and give bankruptcy judges greater power to modify mortgages, according to people familiar with the proposal.

$50,000,000,000.00 Taxpayer funds to modify mortgages
303,824,640.00 US Citizens
$164.57 Cost per citizen

http://online.wsj.com/article/SB123491170791203563.html

I thought we already bailed them out

in about 3-4 months and will continue to want more money for the next 2 years. Oil companies should bail them out. I do not want to see 3 million out of jobs either that is just related to the car industry. Today Sun Microsystem announced 6,000 layoffs and Citigroup 10,000 and other companies.

The car industry needs to fire their managers. Get new managers in who know what they are doing. I heard the southern states (foreign) auto manufacturers are making about 17.00 an hour and are doing really well and building new plants. Some GM workers make about 35.00 an hour in Michigan area. This was stated on MSNBC 1 hour ago.

http://www.forbes.com/home/2008/11/10/flint-cars-automakers-biz-cz_jf_1111flint.html

Oh, I get it. Kinda like the bailed out banks
I feel so much better now.

If our bailed-out auto industry doesn't invest enough
over their addiction to fossil fuels to power them, why bother to buy a new one, I'll just keep patching my old one together. At least it's paid-for, so I don't have to support the Evil and Deceitful Banking Industry with my hard-earned money. I'd rather it go to a *real* worker, like my faithful mechanic!