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Posted by: jeffieny 11 months, 1 week ago
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jeffieny11 months, 1 week ago
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I only hope that the ones in charge of foreclosure aid will discriminate between those realty insiders who inflate prices by buying anything and everything comes to their way BEFORE a "decently priced" property get to be exposed to public versus true home owners who only have ONE house to LIVE IN IT! These insider clowns who hold the gates turn realty to a giant scam, artificially inflating prices! Housing is a basic need and a major economic engine, should never to be abused by this well networked monopolistic sector who seek fast flush of money! They created the housing mass ruining banks and our well intended housing finance system. These out of control people will turn it impossible to afford the American dream of having a house. It is a basic need, it is the #1 dream, so people will keep trying and we will see more trapped, shelter seeking, innocent families having to deal with foreclosures in every possible little economic situation snowballing it all to a systematic catastrophe like we are having right now. Or we will have to abandon the mortgage system!!!
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b-happy11 months, 1 week ago
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I agree Jeff.
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Why would we lend out more money without oversight and rule changes in the way we do things? Has the money that we spent all ready done anything for us?
I don;t support this bailout because there is no sustainability behind it. All we are doing is bailing out Bush and Obama's buddies. That's why they both agreed on the bailout when most of the American people knew it was a stupid worthless waste of money.-
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mesodude11 months, 1 week ago
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--Well, as we've seen *many* times over the last 8 years, sometimes when Americans think spending hundreds of billions of dollars is throwing money down a rathole, some of those squawking loudest now (now that Obama's administration will be holding the pursestrings) were saying basically " full-speed ahead, there's no such thing as wasteful spending when it comes to war, noooo, don't worry 'bout them missing billions in Iraq and New Orleans, Bush is the man, blah blah..." No one CARED what the consensus was then (just as they didn't care what the consensus is on global warming) so when I hear people crying about the government ignoring what we want now, I'm very suspicious of partisanship and self-serving lies.
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I'm tired of people acting like economics wizards NOW when they were dead silent for 8 years. Just because we don't yet *see* any evidence that the bailouts have helped doesn't mean that we are wasting money. You can't right a sinking ship built in Rome overnight in a day or whatever. And maybe some of this money has kept things from spiraling out of control even worse (which, at this point might be the best we can hope for).
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