Presnit Butch, plan a failure

[barnaby33]

I’ll be the first to admit its just the first step on the road to bailout, but man is this plan going to bite him in the ass.

By freezing teaser rates, all the will happen is to accelerate the “mark to market” at extremely low prices of MBS debt. This debt was already toxic. Its not less so now. Since the major banks are the ones who hold the CDO’s comprised of this toxic debt, all this will do is hasten their collapse and eventual bailout at taxpayer expense.
Josh

[SHILOH]

Oh yeah…but maybe by then we won’t be spending the billions in Iraq so that $$ can be diverted to this domestic crisis.

[SHILOH]

Oh yeah…but maybe by then we won’t be spending the billions in Iraq so that $$ can be diverted to this domestic crisis.

[SHILOH]

Oh yeah…but maybe by then we won’t be spending the billions in Iraq so that $$ can be diverted to this domestic crisis.

[SHILOH]

Oh yeah…but maybe by then we won’t be spending the billions in Iraq so that $$ can be diverted to this domestic crisis.

[SHILOH]

Oh yeah…but maybe by then we won’t be spending the billions in Iraq so that $$ can be diverted to this domestic crisis.

[XBoxBoy]

My sneaking suspicion is that this plan will cause a lot of people to be unhappy once they find out the details. Paulsen has already made it clear that the bailout won’t be for everyone. ie. not everyone is going to have their rates locked.

If there’s one thing that bugs people it’s the feeling that someone else is getting something and they aren’t getting theirs. When all the people who are struggling with their ARM that didn’t fall into the qualifying time frame find out their neighbors got a lock but they didn’t, watch the crying start. Likewise, those that missed a payment but now are caught back up, but don’t qualify. Or others that don’t qualify for whatever reason. I can hear the weeping and wailing now. And any plan that can be tagged as unfair by a news reporter, with some poor unfortunate working stiff losing his home as the example, is gonna make good news coverage.

They always say the Devil is in the details, and when the details of this plan get out…..

XBoxBoy

[XBoxBoy]

My sneaking suspicion is that this plan will cause a lot of people to be unhappy once they find out the details. Paulsen has already made it clear that the bailout won’t be for everyone. ie. not everyone is going to have their rates locked.

If there’s one thing that bugs people it’s the feeling that someone else is getting something and they aren’t getting theirs. When all the people who are struggling with their ARM that didn’t fall into the qualifying time frame find out their neighbors got a lock but they didn’t, watch the crying start. Likewise, those that missed a payment but now are caught back up, but don’t qualify. Or others that don’t qualify for whatever reason. I can hear the weeping and wailing now. And any plan that can be tagged as unfair by a news reporter, with some poor unfortunate working stiff losing his home as the example, is gonna make good news coverage.

They always say the Devil is in the details, and when the details of this plan get out…..

XBoxBoy

[XBoxBoy]

My sneaking suspicion is that this plan will cause a lot of people to be unhappy once they find out the details. Paulsen has already made it clear that the bailout won’t be for everyone. ie. not everyone is going to have their rates locked.

If there’s one thing that bugs people it’s the feeling that someone else is getting something and they aren’t getting theirs. When all the people who are struggling with their ARM that didn’t fall into the qualifying time frame find out their neighbors got a lock but they didn’t, watch the crying start. Likewise, those that missed a payment but now are caught back up, but don’t qualify. Or others that don’t qualify for whatever reason. I can hear the weeping and wailing now. And any plan that can be tagged as unfair by a news reporter, with some poor unfortunate working stiff losing his home as the example, is gonna make good news coverage.

They always say the Devil is in the details, and when the details of this plan get out…..

XBoxBoy

[XBoxBoy]

My sneaking suspicion is that this plan will cause a lot of people to be unhappy once they find out the details. Paulsen has already made it clear that the bailout won’t be for everyone. ie. not everyone is going to have their rates locked.

If there’s one thing that bugs people it’s the feeling that someone else is getting something and they aren’t getting theirs. When all the people who are struggling with their ARM that didn’t fall into the qualifying time frame find out their neighbors got a lock but they didn’t, watch the crying start. Likewise, those that missed a payment but now are caught back up, but don’t qualify. Or others that don’t qualify for whatever reason. I can hear the weeping and wailing now. And any plan that can be tagged as unfair by a news reporter, with some poor unfortunate working stiff losing his home as the example, is gonna make good news coverage.

They always say the Devil is in the details, and when the details of this plan get out…..

XBoxBoy

[XBoxBoy]

My sneaking suspicion is that this plan will cause a lot of people to be unhappy once they find out the details. Paulsen has already made it clear that the bailout won’t be for everyone. ie. not everyone is going to have their rates locked.

If there’s one thing that bugs people it’s the feeling that someone else is getting something and they aren’t getting theirs. When all the people who are struggling with their ARM that didn’t fall into the qualifying time frame find out their neighbors got a lock but they didn’t, watch the crying start. Likewise, those that missed a payment but now are caught back up, but don’t qualify. Or others that don’t qualify for whatever reason. I can hear the weeping and wailing now. And any plan that can be tagged as unfair by a news reporter, with some poor unfortunate working stiff losing his home as the example, is gonna make good news coverage.

They always say the Devil is in the details, and when the details of this plan get out…..

XBoxBoy

[The OC Scam]

I don’t think it really matters to him. He will be out of office soon …

[The OC Scam]

I don’t think it really matters to him. He will be out of office soon …

[The OC Scam]

I don’t think it really matters to him. He will be out of office soon …

[The OC Scam]

I don’t think it really matters to him. He will be out of office soon …

[Author]

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