[POZ]

Chris,

Pathetic is taking on what should be your most important life investsment and not doing your homework. I understand how you feel; but if we get emotional about the whole thing we are going to make the same mistakes all over again. Did you read the content of the letter? I made it clear that for those who were conned and defrauded there should be due process.

Believe me when I say I harbor no ill will, I have two friends of mine and a couple of other coworkes, not to mention my brother (who did not listen to me when i asked him to reconsider) who are directly impacted by what we are trying do. 3 out of the 5 people I mentioned have already gone through forclosure and have lost their homes. Guess what? neither of them want a handout and all are assuming personal responsibility for signing on the dotted line. to quote my friend: “We knew what we were getting into, we took a chance and it didnt work out for us, now we just have to start all over”

C’est la vie

[POZ]

Asragov,

I completely agree that any such effort is an exercise in futility. There is enogh waste of our hard earned tax payer dollars as it is, stop wasting my money is all Im trying to say.

Draft ver2:

Dear Mr. /Mrs. (Representative/ Senator)

I do not take this issue lightly and unlike most of the parties involved I have done due diligence when committing to the decision of writing you this letter. I am appalled and disgusted that a comprehensive housing bailout for gamblers and speculators is even considered. The “Free Market” (In case you needed a reminder) is defined as a theoretical, idealized, or actual market where the prices of goods and services is arranged completely by the mutual non-coerced consent of sellers and buyers, determined generally by the supply and demand law with no government interference in the regulation of costs, supply and demand.
Any and all bail-outs including interest rate cuts (fed funds or discount window), moratoriums on foreclosures (which will only prolong the inevitable), unfounded increases of conforming loans, or any other tax funded initiative constitutes a serious Moral Hazard. The irresponsible behavior of buyers, lenders, investors, bankers, and the Federal Reserve (there are more people involved but you get the picture) trying to make something out of nothing. Alchemists had been trying to do for centuries what a few easy monetary policies and some financial savvy engineers could conjure up in a “free market” system. Please do not compound these mistakes by supporting a bail-out for these people unless a clear and irrefutable fraudulent act can be proved in a court of law.
The basic premise is simple, a lot players (the aforementioned participants) gambled and now its time to pay. Corrections are a painful fact of our “free market” system and there are lessons to be learned for all involved. The FUNDAMENTALS taught to us by our parents and grandparents still apply. Having government interfere with the free market system is un-American. Why is it that informed, fiscally conservative and responsible, hard working Americans like myself and many others that did not buy into the speculative mania that preceded this housing problem should have to pay for those mistakes? Why is it that the rest of us are being punished? By not allowing for prices to correct and reach fair market value you are condoning and supporting those very things that you are constitutionally obliged to combat and in the process leaving the rest of us to hanging out to dry, never being able to reach the American dream of home ownership.
Do not give in to big business and special interests; they expect (and in some cases depend) on government interference, they are the true benefactors of any bail-out plan. I understand there is much pressure bestowed upon you to react favorably to those “distressed” individuals and corporations. The fact of the matter is that any hurried response to the housing issue will inevitably end in failure (on taxpayers dime and with nothing to show for it). Do your job; making decisions and formulating any subsequent legislative proposals should be based on cold hard logic not emotion. Emotional wishful thinking was the catalyst that facilitated this situation in the first place. Perform your due diligence, assess and analyze the long term ramifications of the actions you propose on the greater communities you are trying to assist. Affordability and attainability of the American dream for all Americans (not just the few who gambled and lost) should be foremost on your list of objectives. I see it as your duty as my representative to listen to your broader constituency, humbly exercise the power we have bestowed upon you and act accordingly to the benefit of all.

Sincerely,

Paulo

again all comments critisisms are welcome.

[POZ]

Asragov,

I completely agree that any such effort is an exercise in futility. There is enogh waste of our hard earned tax payer dollars as it is, stop wasting my money is all Im trying to say.

Draft ver2:

Dear Mr. /Mrs. (Representative/ Senator)

I do not take this issue lightly and unlike most of the parties involved I have done due diligence when committing to the decision of writing you this letter. I am appalled and disgusted that a comprehensive housing bailout for gamblers and speculators is even considered. The “Free Market” (In case you needed a reminder) is defined as a theoretical, idealized, or actual market where the prices of goods and services is arranged completely by the mutual non-coerced consent of sellers and buyers, determined generally by the supply and demand law with no government interference in the regulation of costs, supply and demand.
Any and all bail-outs including interest rate cuts (fed funds or discount window), moratoriums on foreclosures (which will only prolong the inevitable), unfounded increases of conforming loans, or any other tax funded initiative constitutes a serious Moral Hazard. The irresponsible behavior of buyers, lenders, investors, bankers, and the Federal Reserve (there are more people involved but you get the picture) trying to make something out of nothing. Alchemists had been trying to do for centuries what a few easy monetary policies and some financial savvy engineers could conjure up in a “free market” system. Please do not compound these mistakes by supporting a bail-out for these people unless a clear and irrefutable fraudulent act can be proved in a court of law.
The basic premise is simple, a lot players (the aforementioned participants) gambled and now its time to pay. Corrections are a painful fact of our “free market” system and there are lessons to be learned for all involved. The FUNDAMENTALS taught to us by our parents and grandparents still apply. Having government interfere with the free market system is un-American. Why is it that informed, fiscally conservative and responsible, hard working Americans like myself and many others that did not buy into the speculative mania that preceded this housing problem should have to pay for those mistakes? Why is it that the rest of us are being punished? By not allowing for prices to correct and reach fair market value you are condoning and supporting those very things that you are constitutionally obliged to combat and in the process leaving the rest of us to hanging out to dry, never being able to reach the American dream of home ownership.
Do not give in to big business and special interests; they expect (and in some cases depend) on government interference, they are the true benefactors of any bail-out plan. I understand there is much pressure bestowed upon you to react favorably to those “distressed” individuals and corporations. The fact of the matter is that any hurried response to the housing issue will inevitably end in failure (on taxpayers dime and with nothing to show for it). Do your job; making decisions and formulating any subsequent legislative proposals should be based on cold hard logic not emotion. Emotional wishful thinking was the catalyst that facilitated this situation in the first place. Perform your due diligence, assess and analyze the long term ramifications of the actions you propose on the greater communities you are trying to assist. Affordability and attainability of the American dream for all Americans (not just the few who gambled and lost) should be foremost on your list of objectives. I see it as your duty as my representative to listen to your broader constituency, humbly exercise the power we have bestowed upon you and act accordingly to the benefit of all.

Sincerely,

Paulo

again all comments critisisms are welcome.

[POZ]

Asragov,

I completely agree that any such effort is an exercise in futility. There is enogh waste of our hard earned tax payer dollars as it is, stop wasting my money is all Im trying to say.

Draft ver2:

Dear Mr. /Mrs. (Representative/ Senator)

I do not take this issue lightly and unlike most of the parties involved I have done due diligence when committing to the decision of writing you this letter. I am appalled and disgusted that a comprehensive housing bailout for gamblers and speculators is even considered. The “Free Market” (In case you needed a reminder) is defined as a theoretical, idealized, or actual market where the prices of goods and services is arranged completely by the mutual non-coerced consent of sellers and buyers, determined generally by the supply and demand law with no government interference in the regulation of costs, supply and demand.
Any and all bail-outs including interest rate cuts (fed funds or discount window), moratoriums on foreclosures (which will only prolong the inevitable), unfounded increases of conforming loans, or any other tax funded initiative constitutes a serious Moral Hazard. The irresponsible behavior of buyers, lenders, investors, bankers, and the Federal Reserve (there are more people involved but you get the picture) trying to make something out of nothing. Alchemists had been trying to do for centuries what a few easy monetary policies and some financial savvy engineers could conjure up in a “free market” system. Please do not compound these mistakes by supporting a bail-out for these people unless a clear and irrefutable fraudulent act can be proved in a court of law.
The basic premise is simple, a lot players (the aforementioned participants) gambled and now its time to pay. Corrections are a painful fact of our “free market” system and there are lessons to be learned for all involved. The FUNDAMENTALS taught to us by our parents and grandparents still apply. Having government interfere with the free market system is un-American. Why is it that informed, fiscally conservative and responsible, hard working Americans like myself and many others that did not buy into the speculative mania that preceded this housing problem should have to pay for those mistakes? Why is it that the rest of us are being punished? By not allowing for prices to correct and reach fair market value you are condoning and supporting those very things that you are constitutionally obliged to combat and in the process leaving the rest of us to hanging out to dry, never being able to reach the American dream of home ownership.
Do not give in to big business and special interests; they expect (and in some cases depend) on government interference, they are the true benefactors of any bail-out plan. I understand there is much pressure bestowed upon you to react favorably to those “distressed” individuals and corporations. The fact of the matter is that any hurried response to the housing issue will inevitably end in failure (on taxpayers dime and with nothing to show for it). Do your job; making decisions and formulating any subsequent legislative proposals should be based on cold hard logic not emotion. Emotional wishful thinking was the catalyst that facilitated this situation in the first place. Perform your due diligence, assess and analyze the long term ramifications of the actions you propose on the greater communities you are trying to assist. Affordability and attainability of the American dream for all Americans (not just the few who gambled and lost) should be foremost on your list of objectives. I see it as your duty as my representative to listen to your broader constituency, humbly exercise the power we have bestowed upon you and act accordingly to the benefit of all.

Sincerely,

Paulo

again all comments critisisms are welcome.

[POZ]

Here is what I have so far: (all suggestions and criticisms are welcome)

I do not take this issue lightly and unlike most of the parties involved I have done due diligence when committing to the decision of writing you this letter. I am appalled and disgusted that a comprehensive housing bailout for gamblers and speculators is even considered. The “Free Market” (In case you needed a reminder) is defined as a theoretical, idealized, or actual market where the prices of goods and services is arranged completely by the mutual non-coerced consent of sellers and buyers, determined generally by the supply and demand law with no government interference in the regulation of costs, supply and demand.

Any and all bail-outs including interest rate cuts (fed funds or discount window), moratoriums on foreclosures (which will only prolong the inevitable), unfounded increases of conforming loans, or any other tax funded initiative constitutes a serious Moral Hazard. The irresponsible behavior of buyers, lenders, investors, bankers, and the Federal Reserve (there are more people involved but you get the picture) trying to make something out of nothing. Alchemists had been trying to do for centuries what a few easy monetary policies and some financial savvy engineers could conjure up in a “free market” system. Please do not compound these mistakes by supporting a bail-out for these people unless a clear and irrefutable fraudulent act can be proved in a court of law.

The basic premise is simple, a lot players (the aforementioned participants) gambled and now its time to pay. Corrections are a painful fact of our “free market” system and there are lessons to be learned for all involved. The FUNDAMENTALS taught to us by our parents and grandparents still apply. Having government interfere with the free market system is un-American. Why is it that conservative, informed hard working Americans like myself and many others that did not buy into the speculative mania that preceded this housing problem should have to pay for those mistakes? Why is it that the rest of us are being punished? By not allowing for prices to correct and reach fair market value you are condoning and supporting those very things that you are constitutionally obliged to combat and in the process leaving the rest of us to hanging out to dry, never being able to reach the American dream of home ownership.

Do not give in to big business and special interests, they are the true benefactors of any bail-out plan. I know there is much pressure bestowed upon you to react favorably to those “distressed” individuals and corporations but I see it as your duty as my representative to listen to your constituency and act accordingly

Sincerely

Paulo

[POZ]

Here is what I have so far: (all suggestions and criticisms are welcome)

I do not take this issue lightly and unlike most of the parties involved I have done due diligence when committing to the decision of writing you this letter. I am appalled and disgusted that a comprehensive housing bailout for gamblers and speculators is even considered. The “Free Market” (In case you needed a reminder) is defined as a theoretical, idealized, or actual market where the prices of goods and services is arranged completely by the mutual non-coerced consent of sellers and buyers, determined generally by the supply and demand law with no government interference in the regulation of costs, supply and demand.

Any and all bail-outs including interest rate cuts (fed funds or discount window), moratoriums on foreclosures (which will only prolong the inevitable), unfounded increases of conforming loans, or any other tax funded initiative constitutes a serious Moral Hazard. The irresponsible behavior of buyers, lenders, investors, bankers, and the Federal Reserve (there are more people involved but you get the picture) trying to make something out of nothing. Alchemists had been trying to do for centuries what a few easy monetary policies and some financial savvy engineers could conjure up in a “free market” system. Please do not compound these mistakes by supporting a bail-out for these people unless a clear and irrefutable fraudulent act can be proved in a court of law.

The basic premise is simple, a lot players (the aforementioned participants) gambled and now its time to pay. Corrections are a painful fact of our “free market” system and there are lessons to be learned for all involved. The FUNDAMENTALS taught to us by our parents and grandparents still apply. Having government interfere with the free market system is un-American. Why is it that conservative, informed hard working Americans like myself and many others that did not buy into the speculative mania that preceded this housing problem should have to pay for those mistakes? Why is it that the rest of us are being punished? By not allowing for prices to correct and reach fair market value you are condoning and supporting those very things that you are constitutionally obliged to combat and in the process leaving the rest of us to hanging out to dry, never being able to reach the American dream of home ownership.

Do not give in to big business and special interests, they are the true benefactors of any bail-out plan. I know there is much pressure bestowed upon you to react favorably to those “distressed” individuals and corporations but I see it as your duty as my representative to listen to your constituency and act accordingly

Sincerely

Paulo

[POZ]

Here is what I have so far: (all suggestions and criticisms are welcome)

I do not take this issue lightly and unlike most of the parties involved I have done due diligence when committing to the decision of writing you this letter. I am appalled and disgusted that a comprehensive housing bailout for gamblers and speculators is even considered. The “Free Market” (In case you needed a reminder) is defined as a theoretical, idealized, or actual market where the prices of goods and services is arranged completely by the mutual non-coerced consent of sellers and buyers, determined generally by the supply and demand law with no government interference in the regulation of costs, supply and demand.

Any and all bail-outs including interest rate cuts (fed funds or discount window), moratoriums on foreclosures (which will only prolong the inevitable), unfounded increases of conforming loans, or any other tax funded initiative constitutes a serious Moral Hazard. The irresponsible behavior of buyers, lenders, investors, bankers, and the Federal Reserve (there are more people involved but you get the picture) trying to make something out of nothing. Alchemists had been trying to do for centuries what a few easy monetary policies and some financial savvy engineers could conjure up in a “free market” system. Please do not compound these mistakes by supporting a bail-out for these people unless a clear and irrefutable fraudulent act can be proved in a court of law.

The basic premise is simple, a lot players (the aforementioned participants) gambled and now its time to pay. Corrections are a painful fact of our “free market” system and there are lessons to be learned for all involved. The FUNDAMENTALS taught to us by our parents and grandparents still apply. Having government interfere with the free market system is un-American. Why is it that conservative, informed hard working Americans like myself and many others that did not buy into the speculative mania that preceded this housing problem should have to pay for those mistakes? Why is it that the rest of us are being punished? By not allowing for prices to correct and reach fair market value you are condoning and supporting those very things that you are constitutionally obliged to combat and in the process leaving the rest of us to hanging out to dry, never being able to reach the American dream of home ownership.

Do not give in to big business and special interests, they are the true benefactors of any bail-out plan. I know there is much pressure bestowed upon you to react favorably to those “distressed” individuals and corporations but I see it as your duty as my representative to listen to your constituency and act accordingly

Sincerely

Paulo

[POZ]

joe,

I understand your frustration believe me I do that is why I suggest getting all the 10lb brains on this site together to ease the individual burden of writting one offs, this is important please dont let them get away with it.

at the ver least it can be theraputic to speak your mind!!!

[POZ]

joe,

I understand your frustration believe me I do that is why I suggest getting all the 10lb brains on this site together to ease the individual burden of writting one offs, this is important please dont let them get away with it.

at the ver least it can be theraputic to speak your mind!!!

[POZ]

joe,

I understand your frustration believe me I do that is why I suggest getting all the 10lb brains on this site together to ease the individual burden of writting one offs, this is important please dont let them get away with it.

at the ver least it can be theraputic to speak your mind!!!

[POZ]

Snake oil–have you heard of it!!!

[POZ]

Snake oil–have you heard of it!!!

[POZ]

Snake oil–have you heard of it!!!

[POZ]

Dont forget about the opportunity cost of owning a home, THIS is the real value in home ownership. Its easy to get caught up in the investment, appreciation, and return on investing for everything. Isnt that how we got into this mess in the first place?

[POZ]

Dont forget about the opportunity cost of owning a home, THIS is the real value in home ownership. Its easy to get caught up in the investment, appreciation, and return on investing for everything. Isnt that how we got into this mess in the first place?

[Author]

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