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Well, at least Congress had time to focus on the critical things facing our failing economy in these dire times like the vote to delay the digital television switch by 4 another months.

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Well, at least Congress had time to focus on the critical things facing our failing economy in these dire times like the vote to delay the digital television switch by 4 another months.

[cr]

Well, at least Congress had time to focus on the critical things facing our failing economy in these dire times like the vote to delay the digital television switch by 4 another months.

[cr]

Well, at least Congress had time to focus on the critical things facing our failing economy in these dire times like the vote to delay the digital television switch by 4 another months.

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Well, at least Congress had time to focus on the critical things facing our failing economy in these dire times like the vote to delay the digital television switch by 4 another months.

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That won’t work sdr.

The only thing the Gov’t could do in hopes to accomplish that is give everyone in the country a 50% raise, and then you’d be right back in the inflating price scenario DWCAP mentioned.

With the rising unemployment rate, that might not even do it.

Prices need to fall. Rates won’t get any lower, or banks will go under even faster and the dollar will weaken again. Foreclosures are part of the correction, not the problem.

Since the Gov’t already wasted money on mortage lenders, investment banks, and insurance groups why not set up a national Gov’t subsidized lending program, with a flat rate profit for banks, even lower rates, say 2%, and require a 20% down payment on a 30 year fixed, limited to owner occupied. People who are upside down can refi their current loan amount at a lower interest rate and actually afford the payment. If not, they shouldn’t be in a home anyway. Banks would get the principal back just not as much interest and you could find a way to work in some bank losses into repayment as a penalty for no down payment in the first place.

It won’t save everyone, and it shouldn’t. But it would help make housing affordable, slow foreclsoures for people who may be able to afford their home and is a better use of our children’s money than floating dead companies.

[cr]

That won’t work sdr.

The only thing the Gov’t could do in hopes to accomplish that is give everyone in the country a 50% raise, and then you’d be right back in the inflating price scenario DWCAP mentioned.

With the rising unemployment rate, that might not even do it.

Prices need to fall. Rates won’t get any lower, or banks will go under even faster and the dollar will weaken again. Foreclosures are part of the correction, not the problem.

Since the Gov’t already wasted money on mortage lenders, investment banks, and insurance groups why not set up a national Gov’t subsidized lending program, with a flat rate profit for banks, even lower rates, say 2%, and require a 20% down payment on a 30 year fixed, limited to owner occupied. People who are upside down can refi their current loan amount at a lower interest rate and actually afford the payment. If not, they shouldn’t be in a home anyway. Banks would get the principal back just not as much interest and you could find a way to work in some bank losses into repayment as a penalty for no down payment in the first place.

It won’t save everyone, and it shouldn’t. But it would help make housing affordable, slow foreclsoures for people who may be able to afford their home and is a better use of our children’s money than floating dead companies.

[cr]

That won’t work sdr.

The only thing the Gov’t could do in hopes to accomplish that is give everyone in the country a 50% raise, and then you’d be right back in the inflating price scenario DWCAP mentioned.

With the rising unemployment rate, that might not even do it.

Prices need to fall. Rates won’t get any lower, or banks will go under even faster and the dollar will weaken again. Foreclosures are part of the correction, not the problem.

Since the Gov’t already wasted money on mortage lenders, investment banks, and insurance groups why not set up a national Gov’t subsidized lending program, with a flat rate profit for banks, even lower rates, say 2%, and require a 20% down payment on a 30 year fixed, limited to owner occupied. People who are upside down can refi their current loan amount at a lower interest rate and actually afford the payment. If not, they shouldn’t be in a home anyway. Banks would get the principal back just not as much interest and you could find a way to work in some bank losses into repayment as a penalty for no down payment in the first place.

It won’t save everyone, and it shouldn’t. But it would help make housing affordable, slow foreclsoures for people who may be able to afford their home and is a better use of our children’s money than floating dead companies.

[cr]

That won’t work sdr.

The only thing the Gov’t could do in hopes to accomplish that is give everyone in the country a 50% raise, and then you’d be right back in the inflating price scenario DWCAP mentioned.

With the rising unemployment rate, that might not even do it.

Prices need to fall. Rates won’t get any lower, or banks will go under even faster and the dollar will weaken again. Foreclosures are part of the correction, not the problem.

Since the Gov’t already wasted money on mortage lenders, investment banks, and insurance groups why not set up a national Gov’t subsidized lending program, with a flat rate profit for banks, even lower rates, say 2%, and require a 20% down payment on a 30 year fixed, limited to owner occupied. People who are upside down can refi their current loan amount at a lower interest rate and actually afford the payment. If not, they shouldn’t be in a home anyway. Banks would get the principal back just not as much interest and you could find a way to work in some bank losses into repayment as a penalty for no down payment in the first place.

It won’t save everyone, and it shouldn’t. But it would help make housing affordable, slow foreclsoures for people who may be able to afford their home and is a better use of our children’s money than floating dead companies.

[cr]

That won’t work sdr.

The only thing the Gov’t could do in hopes to accomplish that is give everyone in the country a 50% raise, and then you’d be right back in the inflating price scenario DWCAP mentioned.

With the rising unemployment rate, that might not even do it.

Prices need to fall. Rates won’t get any lower, or banks will go under even faster and the dollar will weaken again. Foreclosures are part of the correction, not the problem.

Since the Gov’t already wasted money on mortage lenders, investment banks, and insurance groups why not set up a national Gov’t subsidized lending program, with a flat rate profit for banks, even lower rates, say 2%, and require a 20% down payment on a 30 year fixed, limited to owner occupied. People who are upside down can refi their current loan amount at a lower interest rate and actually afford the payment. If not, they shouldn’t be in a home anyway. Banks would get the principal back just not as much interest and you could find a way to work in some bank losses into repayment as a penalty for no down payment in the first place.

It won’t save everyone, and it shouldn’t. But it would help make housing affordable, slow foreclsoures for people who may be able to afford their home and is a better use of our children’s money than floating dead companies.

[cr]

I’ve read the TARP money has gone to some 120 banks/companies, but no list was given. Apparently some fund managers are creating TARP indexes to monitor the companies. Here’s some info.

The joke of the first half was that there were no lending provisions in it for banks, so they’re basically all hoarding the taxpayer handouts.

You could force banks to offer home loans/refi’s at 0% and it still won’t fix things. It would actually end up putting more banks out of business.

You force cramdowns through judges on banks – assuming a judge sides with a borrower who didn’t lie on their income, can still prove they make enough wants to stay in their house despite owing more than it’s worth – but then what?

Now you force banks to lose more money on old loans, who can only make it up on new loans, but now you’re forcing artificially low rates on those too.

Sorry, but it won’t work. It may help a few individuals, but do you honestly think congress cares more about individual homeowners or banks?

How much did the $300 Billion Hope for Homeowners help? How about the first $350 Billion of TARP? You think the 2nd will be any better? And how about Obama’s $900 Billion stimulus?

Our Government is more concerned about keeping banks in business than the lip service they give on foreclosures.

They live and operate in a world where money doesn’t matter so it’s easy to throw around ideas like bailing out banks and re-structuring loans so people continue to pay whatever they can but that doesn’t solve the problem that got us here, which is home prices got too high in the first place.

[cr]

I’ve read the TARP money has gone to some 120 banks/companies, but no list was given. Apparently some fund managers are creating TARP indexes to monitor the companies. Here’s some info.

The joke of the first half was that there were no lending provisions in it for banks, so they’re basically all hoarding the taxpayer handouts.

You could force banks to offer home loans/refi’s at 0% and it still won’t fix things. It would actually end up putting more banks out of business.

You force cramdowns through judges on banks – assuming a judge sides with a borrower who didn’t lie on their income, can still prove they make enough wants to stay in their house despite owing more than it’s worth – but then what?

Now you force banks to lose more money on old loans, who can only make it up on new loans, but now you’re forcing artificially low rates on those too.

Sorry, but it won’t work. It may help a few individuals, but do you honestly think congress cares more about individual homeowners or banks?

How much did the $300 Billion Hope for Homeowners help? How about the first $350 Billion of TARP? You think the 2nd will be any better? And how about Obama’s $900 Billion stimulus?

Our Government is more concerned about keeping banks in business than the lip service they give on foreclosures.

They live and operate in a world where money doesn’t matter so it’s easy to throw around ideas like bailing out banks and re-structuring loans so people continue to pay whatever they can but that doesn’t solve the problem that got us here, which is home prices got too high in the first place.

[cr]

I’ve read the TARP money has gone to some 120 banks/companies, but no list was given. Apparently some fund managers are creating TARP indexes to monitor the companies. Here’s some info.

The joke of the first half was that there were no lending provisions in it for banks, so they’re basically all hoarding the taxpayer handouts.

You could force banks to offer home loans/refi’s at 0% and it still won’t fix things. It would actually end up putting more banks out of business.

You force cramdowns through judges on banks – assuming a judge sides with a borrower who didn’t lie on their income, can still prove they make enough wants to stay in their house despite owing more than it’s worth – but then what?

Now you force banks to lose more money on old loans, who can only make it up on new loans, but now you’re forcing artificially low rates on those too.

Sorry, but it won’t work. It may help a few individuals, but do you honestly think congress cares more about individual homeowners or banks?

How much did the $300 Billion Hope for Homeowners help? How about the first $350 Billion of TARP? You think the 2nd will be any better? And how about Obama’s $900 Billion stimulus?

Our Government is more concerned about keeping banks in business than the lip service they give on foreclosures.

They live and operate in a world where money doesn’t matter so it’s easy to throw around ideas like bailing out banks and re-structuring loans so people continue to pay whatever they can but that doesn’t solve the problem that got us here, which is home prices got too high in the first place.

[cr]

I’ve read the TARP money has gone to some 120 banks/companies, but no list was given. Apparently some fund managers are creating TARP indexes to monitor the companies. Here’s some info.

The joke of the first half was that there were no lending provisions in it for banks, so they’re basically all hoarding the taxpayer handouts.

You could force banks to offer home loans/refi’s at 0% and it still won’t fix things. It would actually end up putting more banks out of business.

You force cramdowns through judges on banks – assuming a judge sides with a borrower who didn’t lie on their income, can still prove they make enough wants to stay in their house despite owing more than it’s worth – but then what?

Now you force banks to lose more money on old loans, who can only make it up on new loans, but now you’re forcing artificially low rates on those too.

Sorry, but it won’t work. It may help a few individuals, but do you honestly think congress cares more about individual homeowners or banks?

How much did the $300 Billion Hope for Homeowners help? How about the first $350 Billion of TARP? You think the 2nd will be any better? And how about Obama’s $900 Billion stimulus?

Our Government is more concerned about keeping banks in business than the lip service they give on foreclosures.

They live and operate in a world where money doesn’t matter so it’s easy to throw around ideas like bailing out banks and re-structuring loans so people continue to pay whatever they can but that doesn’t solve the problem that got us here, which is home prices got too high in the first place.

[cr]

I’ve read the TARP money has gone to some 120 banks/companies, but no list was given. Apparently some fund managers are creating TARP indexes to monitor the companies. Here’s some info.

The joke of the first half was that there were no lending provisions in it for banks, so they’re basically all hoarding the taxpayer handouts.

You could force banks to offer home loans/refi’s at 0% and it still won’t fix things. It would actually end up putting more banks out of business.

You force cramdowns through judges on banks – assuming a judge sides with a borrower who didn’t lie on their income, can still prove they make enough wants to stay in their house despite owing more than it’s worth – but then what?

Now you force banks to lose more money on old loans, who can only make it up on new loans, but now you’re forcing artificially low rates on those too.

Sorry, but it won’t work. It may help a few individuals, but do you honestly think congress cares more about individual homeowners or banks?

How much did the $300 Billion Hope for Homeowners help? How about the first $350 Billion of TARP? You think the 2nd will be any better? And how about Obama’s $900 Billion stimulus?

Our Government is more concerned about keeping banks in business than the lip service they give on foreclosures.

They live and operate in a world where money doesn’t matter so it’s easy to throw around ideas like bailing out banks and re-structuring loans so people continue to pay whatever they can but that doesn’t solve the problem that got us here, which is home prices got too high in the first place.

[Author]

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