[cr]

Guys, guys, you’re worrying too much.

It’s all another scam to make people feel good, while doing nothing at all.

The plan is primarily aimed at borrowers who can afford their existing rates and who are current on their payments, but who would face default when the rate resets at a higher level.

In other words people have to proactive AND responsible. Come on, we’re talking about people who bought $500,000 homes with a $50,000 income and “didn’t know” their payment would go up.

I also heard today that “legislative action” would be taken against lenders who refuse to freeze rates. Oh no! a congressional demarit.

Hot air, and lip service.

[cr]

Guys, guys, you’re worrying too much.

It’s all another scam to make people feel good, while doing nothing at all.

The plan is primarily aimed at borrowers who can afford their existing rates and who are current on their payments, but who would face default when the rate resets at a higher level.

In other words people have to proactive AND responsible. Come on, we’re talking about people who bought $500,000 homes with a $50,000 income and “didn’t know” their payment would go up.

I also heard today that “legislative action” would be taken against lenders who refuse to freeze rates. Oh no! a congressional demarit.

Hot air, and lip service.

[cr]

Guys, guys, you’re worrying too much.

It’s all another scam to make people feel good, while doing nothing at all.

The plan is primarily aimed at borrowers who can afford their existing rates and who are current on their payments, but who would face default when the rate resets at a higher level.

In other words people have to proactive AND responsible. Come on, we’re talking about people who bought $500,000 homes with a $50,000 income and “didn’t know” their payment would go up.

I also heard today that “legislative action” would be taken against lenders who refuse to freeze rates. Oh no! a congressional demarit.

Hot air, and lip service.

[cr]

Guys, guys, you’re worrying too much.

It’s all another scam to make people feel good, while doing nothing at all.

The plan is primarily aimed at borrowers who can afford their existing rates and who are current on their payments, but who would face default when the rate resets at a higher level.

In other words people have to proactive AND responsible. Come on, we’re talking about people who bought $500,000 homes with a $50,000 income and “didn’t know” their payment would go up.

I also heard today that “legislative action” would be taken against lenders who refuse to freeze rates. Oh no! a congressional demarit.

Hot air, and lip service.

[cr]

Guys, guys, you’re worrying too much.

It’s all another scam to make people feel good, while doing nothing at all.

The plan is primarily aimed at borrowers who can afford their existing rates and who are current on their payments, but who would face default when the rate resets at a higher level.

In other words people have to proactive AND responsible. Come on, we’re talking about people who bought $500,000 homes with a $50,000 income and “didn’t know” their payment would go up.

I also heard today that “legislative action” would be taken against lenders who refuse to freeze rates. Oh no! a congressional demarit.

Hot air, and lip service.

[cr]

While you’re freezing things there Mr. Secretary, (or is it adminstrative professional now?) Can we freeze the price of gas to what it was in 1998?

Also, if you’ve got some time how about freezing the polar ice caps and preventing global warming too!

Paulson ’08!

For CEO of Citibank of course.

[cr]

While you’re freezing things there Mr. Secretary, (or is it adminstrative professional now?) Can we freeze the price of gas to what it was in 1998?

Also, if you’ve got some time how about freezing the polar ice caps and preventing global warming too!

Paulson ’08!

For CEO of Citibank of course.

[cr]

While you’re freezing things there Mr. Secretary, (or is it adminstrative professional now?) Can we freeze the price of gas to what it was in 1998?

Also, if you’ve got some time how about freezing the polar ice caps and preventing global warming too!

Paulson ’08!

For CEO of Citibank of course.

[cr]

While you’re freezing things there Mr. Secretary, (or is it adminstrative professional now?) Can we freeze the price of gas to what it was in 1998?

Also, if you’ve got some time how about freezing the polar ice caps and preventing global warming too!

Paulson ’08!

For CEO of Citibank of course.

[cr]

While you’re freezing things there Mr. Secretary, (or is it adminstrative professional now?) Can we freeze the price of gas to what it was in 1998?

Also, if you’ve got some time how about freezing the polar ice caps and preventing global warming too!

Paulson ’08!

For CEO of Citibank of course.

[cr]

Somewhere in all the talk of Paulson’s plan it was whispered that these bailout efforts would be OPTIONAL for the lenders.

Has anyone else heard that? The government can’t force lenders to lower rates and lose money – we’re not that far socialist yet.

So at their discretion banks can help people stay in homes they can’t afford for a little while longer while their property value continues to decline until they are inevitably forced to sell, only later and at a lower price than if they sold at a loss today.

I read on Yahoo that the current 640,000 foreclosures (1 for every 500 Americans) is the highest in 30 years, and up to 2 million more are expected by 2009.

This hot air talk is little more than lip service for Wall Street.

[cr]

Somewhere in all the talk of Paulson’s plan it was whispered that these bailout efforts would be OPTIONAL for the lenders.

Has anyone else heard that? The government can’t force lenders to lower rates and lose money – we’re not that far socialist yet.

So at their discretion banks can help people stay in homes they can’t afford for a little while longer while their property value continues to decline until they are inevitably forced to sell, only later and at a lower price than if they sold at a loss today.

I read on Yahoo that the current 640,000 foreclosures (1 for every 500 Americans) is the highest in 30 years, and up to 2 million more are expected by 2009.

This hot air talk is little more than lip service for Wall Street.

[cr]

Somewhere in all the talk of Paulson’s plan it was whispered that these bailout efforts would be OPTIONAL for the lenders.

Has anyone else heard that? The government can’t force lenders to lower rates and lose money – we’re not that far socialist yet.

So at their discretion banks can help people stay in homes they can’t afford for a little while longer while their property value continues to decline until they are inevitably forced to sell, only later and at a lower price than if they sold at a loss today.

I read on Yahoo that the current 640,000 foreclosures (1 for every 500 Americans) is the highest in 30 years, and up to 2 million more are expected by 2009.

This hot air talk is little more than lip service for Wall Street.

[cr]

Somewhere in all the talk of Paulson’s plan it was whispered that these bailout efforts would be OPTIONAL for the lenders.

Has anyone else heard that? The government can’t force lenders to lower rates and lose money – we’re not that far socialist yet.

So at their discretion banks can help people stay in homes they can’t afford for a little while longer while their property value continues to decline until they are inevitably forced to sell, only later and at a lower price than if they sold at a loss today.

I read on Yahoo that the current 640,000 foreclosures (1 for every 500 Americans) is the highest in 30 years, and up to 2 million more are expected by 2009.

This hot air talk is little more than lip service for Wall Street.

[cr]

Somewhere in all the talk of Paulson’s plan it was whispered that these bailout efforts would be OPTIONAL for the lenders.

Has anyone else heard that? The government can’t force lenders to lower rates and lose money – we’re not that far socialist yet.

So at their discretion banks can help people stay in homes they can’t afford for a little while longer while their property value continues to decline until they are inevitably forced to sell, only later and at a lower price than if they sold at a loss today.

I read on Yahoo that the current 640,000 foreclosures (1 for every 500 Americans) is the highest in 30 years, and up to 2 million more are expected by 2009.

This hot air talk is little more than lip service for Wall Street.

[Author]

Posts