Comments on: Bush Official: Mortgage Aid Not Working

Housing and Urban Development Secretary Admits Failure Of Efforts To Prevent Foreclosures

[gce65]

No kidding it''s not working! It was never intended to work. As soon as the big banks got their bailout money they wanted to do anything and everything with it EXCEPT renegotiate mortgages with homeowners.

Banks are the big people, homeowners are the little people.

The whole thing was a huge corporate scam on Americans from the beginning.

[wdrussell1]

Why worry, the richest 5% aren''t losing their homes.

[mecury69]

"because his transition team should be working these challenging issues behind the scenes.

Posted by BailThisOut at 01:10 PM : Nov 20, 2008"

Huh?

2. This shows a blatant lack of understanding in how government works. You cannot have two administrations working at the same time. They talk, and they communicate but it is only the current admin that sends concrete proposals and changes. Anything being done is going to come out of the White House, Treasury, or Congress.

2. BUT if it were possible, behind the scenes stuff you wouldn''t know about anyway. Hello?

[ybotheratall]

"Bush Official: Mortgage Aid Not Working" WOW, there''s a headline I never thought I would see. People, we''re talking about the same idiot telling us the bailout would "save us". Gag.

[lochlan-2009]

I think this more so proves that the Bush is incompetent in everything he does.

Posted by patrik1974

He wasn''t incompetent at bankrupting this country and putting an additional several trillion dollars worth of IOU''s in tthe U.S. Treasury for the tax payers. He also seemed to do a great job at doing no bid contracts for Haliburton and friends, sending TENS OF BILLIONS OF $$$$ to Iraq as cash, by the crate load, for cronies to go and pick up with empty bags (there are pictures of these people with tables of cash in front of them for the taking). Remember the billions that just kept disappearing here and there. All Iraqs money, also just disappeared.

This guy and his administration, along with the Republi-con party did an amazing job at stealing trillions from the U.S., Iraq, and international markets.

And they''re not going to do a single day in prison. I''ll be impressed if they even acknowledge that these what these people did.

[patrik1974]

"We republicans tried to warn you liberals that government does not work. How many times does President Bush have to prove this to you%u201D
Exactly, look at the military, it has been over seven years, and Bin Laden is where. I think this more so proves that the Bush is incompetent in everything he does.

[bailthisout]

This should be priority Number One for the Obama Administration. So far I have seen NOTHING from his campaign promises.
And please do not give me - He is not President yet - because his transition team should be working these challenging issues behind the scenes.

[sunbum33919]

by the time a person wades through all the legal jargon and red tape how would they even know if they were coming out any better? This is as bad as trying to figure out income tax. And a FOURTY YEAR mortgage - eeshe - will the house still be standing??

[secundus2]

It might have been better to give money to those who have always paid their mortgages.

The money would have been a "reward" for sound financial behavior. And the money could have been given with the proviso that such borrowers pay off their balances as far as possible.

Then the banks and mortgage lenders would have more cash and could decide how to adjust the bad mortgages they held.

[sharkzone1]

sharkzone1 said, "We republicans tried to warn you liberals that government does not work. How many times does President Bush have to prove this to you?"

No sharkzone1 said:

First Bush was begging to get this passed.
Second deregulation is what caused it.

In response to the above quote

[edward1975-2009]

Of course it didn''t work, you gave money to the fools who created the problem with their greed. Had the government assumed the loans, given the homeowners a fixed rate they could afford, we, the taxpayer, would get a return on our money. You got just throw good money after bad.

[martel_v]

A brainwashed electorate bought into the insane lunacy that those who believe government can do nothing worthwhile are the best people to run government. Those who believe government can do nothing will, when given control of government, ENSURE that government is a complete failure. They can do nothing else without abandoning their political religion.

These are people who insist that government is unnecessary and irrelevant; that it is an essentially evil and repressive force. They generally refer to themselves as libertarians these days. They used to be known as anarchists. Currently, they dominate the Republican Party. When given control, they will always and inevitably be incompetent because they simply refuse to acknowledge that government SHOULD be effective. In fact, they DEMAND that everyone accept the idea that government can NEVER do anything effectively.

[jumkey]

Bah ha ha ha..

Posted by libsh8theUSA

Yeah, the destruction of the US is very funny.

Conservatives are so consumed with hatred toward "liberals" they would rather kill America than work solve our problems.

It''s sad.

[libsh8theusa]

DID THOSE FOOLS IN DC REALLY THINK THAT THIS WOULD WORK..

Bah ha ha ha..

[sharkzone1]

We republicans tried to warn you liberals that government does not work. How many times does President Bush have to prove this to you?

Posted by gop_will_win at 08:52 AM : Nov 20, 2008

First Bush was begging to get this passed.
Second deregulation is what caused it.

[zredhot]

I asked my Mortgage company to help us by lowering our APR on the principal and I was told they didn''t have to help us when I brought up the Homeowner''s relief act that was passed. The act is too lenient and it is giving Mortgage companies the choice to help or not. The act has to direct them more stringently to help us.

[bobbymac1959]

Here''s a little tip for everyone. None of these programs are going to work. The lenders are corrupt. No banker with any sense will do an FHA secure loan. Not when the freakin lender is taking 2.5% of the deal. The lenders have destroyed the FHA program. Good luck to anyone who is past due, cause myself and most of my associates don''t work for $8.00 an hour while the guys we bailed out are fleecing us on the backside. All I can say to most people is that you will be a renter for the next 7 to 8 years, so save your money if you ever want to own a home.

[bobbymac1959]

Here''s a little tip for everyone. None of these programs are going to work. The lenders are corrupt. No banker with any sense will do an FHA secure loan. Not when the freakin lender is taking 2.5% of the deal. The lenders have destroyed the FHA program. Good luck to anyone who is past due, cause myself and most of my associates don''t work for $8.00 an hour while the guys we bailed out are fleecing us on the backside. All I can say to most people is that you will be a renter for the next 7 to 8 years, so save your money if you ever want to own a home.

[lancearmstng]

alphaa, this is an a-b conversation so C your way out. Nice way to bring political division into it. Spoken like a true ignoramus. My idea is better than yours, roarrrr.

Dr. Peter. Very good point and I agree. The healthcare system in the U.S. is overwhelmingly expensive but unless you trek to China or one of comprable development the options are very limited. I''m just trying to say. If everyone is so upset with America, au reviour. Yes, we''re having trouble, as we should. we''re a 200 year old country filled with self-entitlement only rivaled by the pinnacle of the Roman Empire.

[credibility2]

Lenders are hesitant because this is contrary to the profit principles of their loans. Borrowers are hesitant because they''re waiting for the government to totally give them a complete pass and not have to pay anything close to what they were paying. I think the borrowers also want a total bailout without personal responsibility or accountability. They want to continue living in a home they probably hadn''t any right to get in the first place because they weren''t financially qualified. They want their cake and be able to eat it too. This while the vast majority of homeowners did everything right, including getting a realistic intelligent loan, living within their means, and not expecting a free lunch.