Senators call for aid to homeowners at risk of foreclosure

[dejams]

Interesting reading. I can’t believe the NAR predicts a 2.2% decline in home sale. Am I reading it correctly? NAR admits there is a decline in the market? I guess I should add this to the “Here is a sign” post!

http://www.signonsandiego.com/news/business/20070411-1413-housingwoes.html

[Alex_angel]

This makes me sick. Why the hell should our tax dollars help out those dumb people who couldn’t and shouldn’t have purchased a home in the first place. What’s next, helping out the poor who want to drive a benz or bmw, maybe helping out the people who want to take a greek cruise.

This is sick and people should pay for their own mistakes but of course Bush will grant this to buy some more votes for the ’08 election. What a shame.

[Critter]

Bush can’t run in the next election – he has already served two terms. People will be screaming for the Democrats even more than they already are if he bends on this issue.

[Alex_angel]

Of course Bush can’t run but he is responsble in ensuring the flame is carried on through the repubelickin party. They want to continue the tirade they have caused in the white house. How else can they get the poor lowerclass vote than to bail them out financially from the mortgage mess.

[jimmyle]

I don’t like this but $1B in financial aid is pocket change considered how many people will be in trouble. Also, many people will just stop paying to qualified for the assistance, it could make the problem worse.

[Anonymous]

The bailout isn’t for the f@cked borrowers, it’s for the f@cked lenders and hedge funds who, up to now, made extreme profits processing this toxic waste.

The subprime borrowers have nothing in it anwyay, they had little before.

But whoever bought those insane loans……

Google “charles schumer campaign donors”.

oh hell i’ll do it for you.

http://www.opensecrets.org/politicians/contrib.asp?cycle=2004&CID=N00001093

Classic banana republic dictator behavior: fleece the taxpayer for the benefit of the rich while pretending it’s for the poor.

[Author]

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