Comments on: Bush Inks Massive Mortgage Relief Bill
Legislation Intended As Lifeline For Struggling Homeowners And Shaky Financial Markets
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- Posted by yurpallid at 01:56 PM : Jul 30, 2008
"...the average lawyer/doctor in europe makes 1/3 compared to the states..."
Please do your math. It''s not what you make that matters, but what you spend that matters in the end. For example, what good is it to make $1 million/year when you must spend $1 millions/year? Doctors in USA demand high salaries not because of their high IQ but because of our legal system which requires they pay huge amount for insurance and other business fees obligated by the business. In socialist countries, these legal fees do not exist. - Reply to this comment
- "Give all your money to the government and let them hand it out to whomever they think deserves it."
You mean like the capitalist system we have, where we give government all our money and they give it to corporations with no accountability what so ever. - Reply to this comment
- Posted by mbcsmith at 01:45 PM : Jul 30, 2008
If I am getting rich and live very comfortable, I care less about my socialist government. In fact, I would love my socialist government for doing such a great job for me. - Reply to this comment
- Posted by mbcsmith at 01:45 PM : Jul 30, 2008
Under Socialism, at least I get rich and live comfortable like in Europe, Asia and Latin America. In the meantime, you get poorer in USA under Capitalism. - Reply to this comment
- Posted by mbcsmith at 01:43 PM : Jul 30, 2008
"Tell us EXACTLY how much it cost the government to "bail out" Fannie and Freddie"
$25 Billion and the article reads that this may not be enough.
Somehow you truely believe that these bank and investment institution are not to blame.
If I am a bank or an investor and I sell a subprime mortgage where I know or do not know the client is capable of paying - why not blame me for both not knowing and for knowing? - Reply to this comment
- "No document loans require no verification."
Posted by mbcsmith at 01:41 PM : Jul 30, 2008
Wow. No wonder there is major problems. - Reply to this comment
- These thrives were just playing the game of Capitalism.
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Posted by lovegetpeace at 01:37 PM : Jul 30, 2008
And your favored system would be what. Socialism? Give all your money to the government and let them hand it out to whomever they think deserves it. NO THANKS! - Reply to this comment
- Posted by mbcsmith at 01:30 PM : Jul 30, 2008
These poor thrives were just playing the greedy game of Capitalism. - Reply to this comment
- It''''s all about bailing out the banks and investors.
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Posted by jtdev1 at 01:38 PM : Jul 30, 2008
Tell us EXACTLY how much it cost the government to "bail out" Fannie and Freddie - Reply to this comment
- I''''m curious. How do you lie to obtain a mortgage?
Where I live, you can''''t lie. They check ALL information you give them.
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Posted by erasmus81 at 01:40 PM : Jul 30, 2008
No document loans require no verification. A large number of these people put no money down and just walk away from the property when they stop making payments. They lose nothing. - Reply to this comment
- "It''''s VERY embarassing to me that so many Americans LIED to obtain mortggages..." Posted by mbcsmith at 01:30 PM : Jul 30, 2008
I''m curious. How do you lie to obtain a mortgage?
Where I live, you can''t lie. They check ALL information you give them. - Reply to this comment
- I don''t know why you guys think this is a bailout for the home owner. It''s not! Just read the law and see for yourself.
It''s all about bailing out the banks and investors. - Reply to this comment
- I feel like I missed the boat. I should have taken out a nice mortgage - oh 600,000 would do nicely. Then defaulted on it because the mean old banker lied to me. Now bushy could have bailed me out. Ain''t it all a bloody shame
- Reply to this comment
- Posted by mbcsmith at 01:30 PM : Jul 30, 2008
These thrives were just playing the game of Capitalism. - Reply to this comment
- looks like the foil head children are here to play.
An you wonder if the country will go to hell in a hand basket. - Reply to this comment
- Folks,
It is extremely embarrassing and shameful to the world that in this Capitalism Capital of the world, the Government must frequently bail out Capitalism.
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Posted by lovegetpeace at 01:20 PM : Jul 30, 2008
It''s VERY embarassing to me that so many Americans LIED to obtain mortggages they couldn''t pay back. I am ashamed of those thieves. - Reply to this comment
- Never vote for a Republican, they are greedy without a heart for anyone including their country.
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Posted by lovegetpeace at 01:24 PM : Jul 30, 2008
LOL...LOL again. Must be why Bush just signed the homeowner bailout. MORON! - Reply to this comment
- Posted by terrorislamv at 01:20 PM : Jul 30, 2008
Never vote for a Republican, they are greedy without a heart for anyone including their country. - Reply to this comment
- Folks,
It is extremely embarrassing and shameful to the world that in this Capitalism Capital of the world, the Government must frequently bail out Capitalism. - Reply to this comment
- the republican deregulation of financial markets which was championed by exSen. Phil Gramm, a McSame supporter (remember: the depression is in your head, you whinners?) - led to this mess
and now the same repugs are throwing everyone elses money away to solve their mistake!
the worst administration in US history, without doubt! - Reply to this comment
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