[DoJC]

Even John & Ken from KFI AM 640 today said that, after hearing about the plans of Obama and Clinton to bail out borrowers, anyone would be a fool to vote for them now.

And, even worse, is that after all the mud slinging and namecalling, that if Obama gets nominated 26% of Clinton’s followers would vote for McCain, and if Clinton gets it that 18% of Obama’s followers would vote for him.

Either way, with a really bad economy, growing inflation, massive housing values drops, increasing joblessness, and several other factors I find it hard to imagine ANYONE seeking election to the Presidency would even think about raising taxes, much less propose incredibly costly ideas like borrower bailouts.

– Doug

[DoJC]

Even John & Ken from KFI AM 640 today said that, after hearing about the plans of Obama and Clinton to bail out borrowers, anyone would be a fool to vote for them now.

And, even worse, is that after all the mud slinging and namecalling, that if Obama gets nominated 26% of Clinton’s followers would vote for McCain, and if Clinton gets it that 18% of Obama’s followers would vote for him.

Either way, with a really bad economy, growing inflation, massive housing values drops, increasing joblessness, and several other factors I find it hard to imagine ANYONE seeking election to the Presidency would even think about raising taxes, much less propose incredibly costly ideas like borrower bailouts.

– Doug

[DoJC]

Even John & Ken from KFI AM 640 today said that, after hearing about the plans of Obama and Clinton to bail out borrowers, anyone would be a fool to vote for them now.

And, even worse, is that after all the mud slinging and namecalling, that if Obama gets nominated 26% of Clinton’s followers would vote for McCain, and if Clinton gets it that 18% of Obama’s followers would vote for him.

Either way, with a really bad economy, growing inflation, massive housing values drops, increasing joblessness, and several other factors I find it hard to imagine ANYONE seeking election to the Presidency would even think about raising taxes, much less propose incredibly costly ideas like borrower bailouts.

– Doug

[DoJC]

Even John & Ken from KFI AM 640 today said that, after hearing about the plans of Obama and Clinton to bail out borrowers, anyone would be a fool to vote for them now.

And, even worse, is that after all the mud slinging and namecalling, that if Obama gets nominated 26% of Clinton’s followers would vote for McCain, and if Clinton gets it that 18% of Obama’s followers would vote for him.

Either way, with a really bad economy, growing inflation, massive housing values drops, increasing joblessness, and several other factors I find it hard to imagine ANYONE seeking election to the Presidency would even think about raising taxes, much less propose incredibly costly ideas like borrower bailouts.

– Doug

[DoJC]

Even John & Ken from KFI AM 640 today said that, after hearing about the plans of Obama and Clinton to bail out borrowers, anyone would be a fool to vote for them now.

And, even worse, is that after all the mud slinging and namecalling, that if Obama gets nominated 26% of Clinton’s followers would vote for McCain, and if Clinton gets it that 18% of Obama’s followers would vote for him.

Either way, with a really bad economy, growing inflation, massive housing values drops, increasing joblessness, and several other factors I find it hard to imagine ANYONE seeking election to the Presidency would even think about raising taxes, much less propose incredibly costly ideas like borrower bailouts.

– Doug

[DoJC]

“It would not require a single new government bureaucracy, and would be designed to be self-financing over time — so it would cost taxpayers nothing in the long run.”

I guess I’m too stupid to understand how this will happen without costing taxpayers anything in the long or short run? How is the gov’t going to step in and buy hundred of billions of dollars worth of homes, refinance them, and then resell them to someone else? Where does all this magic money come from? Who’s going to buy them? Who will absorb the losses when they drop in value from the time the gov’t buys until they sell? Who determines whether or not the person is even capable of repaying the loan they never should have gotten in the first place?

Man, too many unanswered questions that only a politician could prpose and think we’d swallow completely and think it was a good idea. Sheesh, how do ANY of these clowns get nominated much less elected!

– Doug

[DoJC]

“It would not require a single new government bureaucracy, and would be designed to be self-financing over time — so it would cost taxpayers nothing in the long run.”

I guess I’m too stupid to understand how this will happen without costing taxpayers anything in the long or short run? How is the gov’t going to step in and buy hundred of billions of dollars worth of homes, refinance them, and then resell them to someone else? Where does all this magic money come from? Who’s going to buy them? Who will absorb the losses when they drop in value from the time the gov’t buys until they sell? Who determines whether or not the person is even capable of repaying the loan they never should have gotten in the first place?

Man, too many unanswered questions that only a politician could prpose and think we’d swallow completely and think it was a good idea. Sheesh, how do ANY of these clowns get nominated much less elected!

– Doug

[DoJC]

“It would not require a single new government bureaucracy, and would be designed to be self-financing over time — so it would cost taxpayers nothing in the long run.”

I guess I’m too stupid to understand how this will happen without costing taxpayers anything in the long or short run? How is the gov’t going to step in and buy hundred of billions of dollars worth of homes, refinance them, and then resell them to someone else? Where does all this magic money come from? Who’s going to buy them? Who will absorb the losses when they drop in value from the time the gov’t buys until they sell? Who determines whether or not the person is even capable of repaying the loan they never should have gotten in the first place?

Man, too many unanswered questions that only a politician could prpose and think we’d swallow completely and think it was a good idea. Sheesh, how do ANY of these clowns get nominated much less elected!

– Doug

[DoJC]

“It would not require a single new government bureaucracy, and would be designed to be self-financing over time — so it would cost taxpayers nothing in the long run.”

I guess I’m too stupid to understand how this will happen without costing taxpayers anything in the long or short run? How is the gov’t going to step in and buy hundred of billions of dollars worth of homes, refinance them, and then resell them to someone else? Where does all this magic money come from? Who’s going to buy them? Who will absorb the losses when they drop in value from the time the gov’t buys until they sell? Who determines whether or not the person is even capable of repaying the loan they never should have gotten in the first place?

Man, too many unanswered questions that only a politician could prpose and think we’d swallow completely and think it was a good idea. Sheesh, how do ANY of these clowns get nominated much less elected!

– Doug

[DoJC]

“It would not require a single new government bureaucracy, and would be designed to be self-financing over time — so it would cost taxpayers nothing in the long run.”

I guess I’m too stupid to understand how this will happen without costing taxpayers anything in the long or short run? How is the gov’t going to step in and buy hundred of billions of dollars worth of homes, refinance them, and then resell them to someone else? Where does all this magic money come from? Who’s going to buy them? Who will absorb the losses when they drop in value from the time the gov’t buys until they sell? Who determines whether or not the person is even capable of repaying the loan they never should have gotten in the first place?

Man, too many unanswered questions that only a politician could prpose and think we’d swallow completely and think it was a good idea. Sheesh, how do ANY of these clowns get nominated much less elected!

– Doug

[DoJC]

According to my loan agent: new Fannie Mae rules require 15% down in CA. That’s the normal 10% plus 5% since CA is a declining market.

I see this news as having two effects: even less borrowers will be able to afford a home; prices will go down even further.

So much for yet another bad idea on how to turn the housing market around.

– Doug

[DoJC]

According to my loan agent: new Fannie Mae rules require 15% down in CA. That’s the normal 10% plus 5% since CA is a declining market.

I see this news as having two effects: even less borrowers will be able to afford a home; prices will go down even further.

So much for yet another bad idea on how to turn the housing market around.

– Doug

[DoJC]

According to my loan agent: new Fannie Mae rules require 15% down in CA. That’s the normal 10% plus 5% since CA is a declining market.

I see this news as having two effects: even less borrowers will be able to afford a home; prices will go down even further.

So much for yet another bad idea on how to turn the housing market around.

– Doug

[DoJC]

According to my loan agent: new Fannie Mae rules require 15% down in CA. That’s the normal 10% plus 5% since CA is a declining market.

I see this news as having two effects: even less borrowers will be able to afford a home; prices will go down even further.

So much for yet another bad idea on how to turn the housing market around.

– Doug

[DoJC]

According to my loan agent: new Fannie Mae rules require 15% down in CA. That’s the normal 10% plus 5% since CA is a declining market.

I see this news as having two effects: even less borrowers will be able to afford a home; prices will go down even further.

So much for yet another bad idea on how to turn the housing market around.

– Doug

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