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OL' W bails out the rich bankers....
GOOD BYE FREE MARKETS....Ol' W bails out his rich banker friends. Thanks to this Govt's plan to bail out the house flippers & rich bankers who caused this housing mess. Who helps the little guy who plays by the rules??????
Who helps the guy who bought a house with a mortage he could AFFORD???? NOT GEORGE W. If you bought a house that you CAN"T AFFORD....BUSH helps you & the scumbag mortgage broker that gave you the loan that you both knew you couldn't afford! WHAT A COUNTRY!!! WHAT A PRESIDENT!!! RICH BANKERS , REPB. VOTERS IN FLORIDA, CALIF will reap the benifits. The little guy who works to pay a mortgage within his means LOSES! Another BUSH leadership pearl! Who helps the kids without health insurance???? NOT OL' W. Ol W...the guy who couldn't see a N bomb project in Iran four years ago, that wasn't there. But STILL wants another war for him & Dick to start!! GOD HELP THE USA!! |
"Bush said 1.2 million people could be eligible for help. But only a fraction will be subject to the rate freeze. Others would get assistance in refinancing with their lenders and moving into loans secured by the Federal Housing Administration, Bush said."
Hopefully, this is a far as this fiasco will go - anyone renting should now continue to rent with home prices artificially inflated, once again, by this action. The politicians, who will run to the microphones and proclaim how compassionate they are, are probably the winners here. The rest of us, losers at some level. |
Is there anything you can't blame on President Bush? I say if you're a bank and you made bad loans live with it,if you bought a house you knew damned well you'd never be able to pay for live with it . Why should the rest of us bail them out? A bail out by the government will come from the tax payers not the politicians.
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How is Government (taxpayers) bailing anyone out when there are not any taxpayers money involved ?
The greedy bankers have agreed not to raise already high interest rates on Sub-Prime ARM'S for a period of time. How is that costing the taxpayer ? I don't want the Government involved in any private contract between consenting adults - PERIOD. |
I have to go along with all of the above statements. I can't see anything in this that will help the working poor, just the wealthier people who can prove they can continue to make the payments. But I don't completely blame the loan institutions either as the people who rushed out and bought these huge homes at hugely inflated prices should learn to read what they are signing instead of just listening to some fast talking salesman. If they don't understand the legal papers, there are plenty of lawyers that do. There are so many house for sale signs around here it is ridiculous and they are still building new ones, but that has dropped sharply in the past 6 months. It is not getting hard to sell a $100K house for $500K.
Ron :( |
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