Senator Dodd and Clinton housing strategy

[cashflow]

Today I noticed there were more politicians being interviewed on tv regarding the housing issues. Senator Dodd, chairman of the bank, housing, urban affairs committee, seems to want to bail out all those poor people in foreclosure right now. He stated over and over again how he is telling lenders to work with these people to keep them in their homes by offering them better mortgage deals. I personally can’t believe what I was hearing from this guy.

What about all the people that are conservative and didn’t take on these financial risks, so they will be priced out forever. Essentially the piggingtons that are financially saving and not taking on these risks will be paying our taxes for a gov’t bailout?

He also was suggesting that Fannie Mae should have a higher conforming loan amount of $500K and this is something he is pushing in congress to happen soon. What a great idea, let’s give people the option of getting even MORE over their heads and drag this bubble out even further creating an even greater mess….

Also, was mentioned Hilary Clinton has proposed a billion $ plan for a bailout of all those poor people facing foreclosure.

[Ex-SD]

Senator Dodd is one of the biggest cuckoo’s that nest in the Senate. He is consistently for causes that are wacky and cost big $$$$$$$ to the taxpayers. He has long been associated with lobbyists from the big, Wall Street brokerage houses so that is why he is pushing this idea. Unfortunately, he is not alone with his looney-ness and if his wacky ideas get a foothold, they just might pass. But………there is still the VETO power of the Presidency so let’s hope that Bush stick to his guns about no bailouts for the housing market.

[Ex-SD]

Senator Dodd is one of the biggest cuckoo’s that nest in the Senate. He is consistently for causes that are wacky and cost big $$$$$$$ to the taxpayers. He has long been associated with lobbyists from the big, Wall Street brokerage houses so that is why he is pushing this idea. Unfortunately, he is not alone with his looney-ness and if his wacky ideas get a foothold, they just might pass. But………there is still the VETO power of the Presidency so let’s hope that Bush stick to his guns about no bailouts for the housing market.

[Ex-SD]

Senator Dodd is one of the biggest cuckoo’s that nest in the Senate. He is consistently for causes that are wacky and cost big $$$$$$$ to the taxpayers. He has long been associated with lobbyists from the big, Wall Street brokerage houses so that is why he is pushing this idea. Unfortunately, he is not alone with his looney-ness and if his wacky ideas get a foothold, they just might pass. But………there is still the VETO power of the Presidency so let’s hope that Bush stick to his guns about no bailouts for the housing market.

[rankandfile]

They (Dodd and Clinton), are nothing but a couple of blow hards trying to tell voters what they want to hear. They are no different than Romney and Giuliani banging their chests and saying they have been, and will be, tough on illegal immigration. It’s all a bunch of BS. Ron Paul is the only candidate I am seriously considering at this point.

[rankandfile]

They (Dodd and Clinton), are nothing but a couple of blow hards trying to tell voters what they want to hear. They are no different than Romney and Giuliani banging their chests and saying they have been, and will be, tough on illegal immigration. It’s all a bunch of BS. Ron Paul is the only candidate I am seriously considering at this point.

[rankandfile]

They (Dodd and Clinton), are nothing but a couple of blow hards trying to tell voters what they want to hear. They are no different than Romney and Giuliani banging their chests and saying they have been, and will be, tough on illegal immigration. It’s all a bunch of BS. Ron Paul is the only candidate I am seriously considering at this point.

[bsrsharma]

he is telling lenders to work with these people to keep them in their homes by offering them better mortgage deals

Does he realize that all those mortgages have been reformulated as CDO/CMOs and as it is they are illiquid now? Adding more variables in the form of lower yields, stretching out the loan term etc., will make them all completely worthless. That is many Trillions of $ gone. Mortgages will become simply unavailable. That will kill the housing market. He should use his head before opening his mouth.

[bsrsharma]

he is telling lenders to work with these people to keep them in their homes by offering them better mortgage deals

Does he realize that all those mortgages have been reformulated as CDO/CMOs and as it is they are illiquid now? Adding more variables in the form of lower yields, stretching out the loan term etc., will make them all completely worthless. That is many Trillions of $ gone. Mortgages will become simply unavailable. That will kill the housing market. He should use his head before opening his mouth.

[bsrsharma]

he is telling lenders to work with these people to keep them in their homes by offering them better mortgage deals

Does he realize that all those mortgages have been reformulated as CDO/CMOs and as it is they are illiquid now? Adding more variables in the form of lower yields, stretching out the loan term etc., will make them all completely worthless. That is many Trillions of $ gone. Mortgages will become simply unavailable. That will kill the housing market. He should use his head before opening his mouth.

[SD Realtor]

How about John Edwards? He who wants to bail out everyone as well… Oh yeah didn’t I hear somewhere he has money in a company that has some involvement with foreclosures?

SD Realtor

[SD Realtor]

How about John Edwards? He who wants to bail out everyone as well… Oh yeah didn’t I hear somewhere he has money in a company that has some involvement with foreclosures?

SD Realtor

[SD Realtor]

How about John Edwards? He who wants to bail out everyone as well… Oh yeah didn’t I hear somewhere he has money in a company that has some involvement with foreclosures?

SD Realtor

[Ozzie]

Mortgages will become simply unavailable

If that’s the case then the Sen. is right in asking for the limits for Fannie and Freddie to be raised. Their charter is to provide liquidity to the mortgage market. No wonder FNM is up about 20% in the last two weeks. Looks like traders have priced it in.

[Ozzie]

Mortgages will become simply unavailable

If that’s the case then the Sen. is right in asking for the limits for Fannie and Freddie to be raised. Their charter is to provide liquidity to the mortgage market. No wonder FNM is up about 20% in the last two weeks. Looks like traders have priced it in.

[Author]

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