dmarc117 Posted February 12, 2009 Share Posted February 12, 2009 http://finance.yahoo.com/news/Obama-eyes-h...qTnBwwwI4i7YWsA WASHINGTON (Reuters) - The Obama administration is hammering out a program to subsidize mortgage payments for troubled homeowners who have gone through a standardized re-appraisal and affordability test, sources familiar with the plan said on Thursday. market loves it Quote Link to comment Share on other sites More sharing options...
cre8tiff Posted February 12, 2009 Share Posted February 12, 2009 http://finance.yahoo.com/news/Obama-eyes-h...qTnBwwwI4i7YWsA market loves it That goodness. Something shiny to distract the lemmings from their footrace to the cliff's edge... Quote Link to comment Share on other sites More sharing options...
westvirginia Posted February 12, 2009 Share Posted February 12, 2009 Oh yeah this is just f'n great. Make good decisions, be able to pay your bills, and you'll also be asked to pay for those who don't. Gawd I love socialism... Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted February 12, 2009 Share Posted February 12, 2009 Oh yeah this is just f'n great. Make good decisions, be able to pay your bills, and you'll also be asked to pay for those who don't. Gawd I love socialism... Sadly I find myself being drawn more and more to WV's dark side on this issue every day. Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted February 12, 2009 Author Share Posted February 12, 2009 Oh yeah this is just f'n great. Make good decisions, be able to pay your bills, and you'll also be asked to pay for those who don't. Gawd I love socialism... Sadly I find myself being drawn more and more to WV's dark side on this issue every day. this makes me so furious. but i have an idea. those of us that were responsible......why cant we use this like a time share. depending on how much of our tax dollars are being used, we can use these aholes houses whenever we want....... Quote Link to comment Share on other sites More sharing options...
Randall Posted February 12, 2009 Share Posted February 12, 2009 this makes me so furious. but i have an idea. those of us that were responsible......why cant we use this like a time share. depending on how much of our tax dollars are being used, we can use these aholes houses whenever we want....... I'd rather see people lose houses when the lenders who lied them into the loans are prosecuted too. Go after the people that caused this mess whoever they are. Don't just pick one side and forget about the other. The lenders and banks knew these loans were dung yet they had them rated AAA and bundled them for huge profits. Those who bought these should lose the and the lenders go to jail(IF THERE WERE CRIMES) Quote Link to comment Share on other sites More sharing options...
westvirginia Posted February 12, 2009 Share Posted February 12, 2009 I'd rather see people lose houses when the lenders who lied them into the loans are prosecuted too. Go after the people that caused this mess whoever they are. Don't just pick one side and forget about the other. The lenders and banks knew these loans were dung yet they had them rated AAA and bundled them for huge profits. Those who bought these should lose the and the lenders go to jail(IF THERE WERE CRIMES) If you can show someone didn't do their due diligence I would agree with you. However, I'll bet 98% of the time all the documentation will be there to make it look like the risk was acceptable for the return expected. Quote Link to comment Share on other sites More sharing options...
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