Comments on: Bush Inks Massive Mortgage Relief Bill

Legislation Intended As Lifeline For Struggling Homeowners And Shaky Financial Markets

[jtdev1]

infe5 - Love your post, even agree with it, but you have to remember that this "Rescue Plan" isn''t really for the home owner, it''s for the corporation, the banks, the investors...

Can you imagine what kind of hoops the home owner will have to jump through just to get some help? Have you ever dealt with any government program? I''d be suprised if it helps 1-10th of what they are saying.


The only thing this massive bailout is going to do is protect the investments of the investor until they have time to liquidate their investments (at a good price) and then our government will buy the stock at an inflated price and then it will go down.

It always happens like this...

[infe5]

I played by the rules, have excellent credit, and bought my first home at age 24. It is a modest 1300 sq. ft. house with with a fixed 6.1% mortgage. I demand that my rate is decreased by the same amount as others who are getting relief under this bill. If irresponsible people are getting what amounts to thousands upon thousands of dollars EACH for making stupid decisions, I would like the same benefit for acting responsibly. Oh wait, I keep forgetting this is the U.S. we take from those who pay their own way and give to those who dont deserve it. I wont even get in to the idiocy of bailing out the two biggest mortgage companies WHO HAVE NOT EXCUSE FOR THEIR IRRESPONSIBILITY. Let those who screw up (citizens or companies) learn from their mistakes.

[pirmin3]

The rich lenders get bailed, the irresponsible borrowers get bailed and Joe Play By the Rules gets the shaft, as usual with this administration.

[amarjit5]

Thank you Mr Bush