Comments on: Economic Clouds To Linger, Forecasters Say

Report: The Economy Will Weaken Further Even Though Housing, Credit May Improve

[timetrips1]

forthepeopl1: Your economic degree is from where? Idiot U probably. Sure lets go with your idea and throw away several trillion dollars worth of equity, of course that would bankrupt pensions, banks, and everyother investment vehicle that invested in mortgage securities. But I''ll jump on the band wagon, I have a 200K house that I "prudently" financed with 20% down and can make the payments easily enough. But go ahead and force the refinance of my property at 80K (that is 40% of what I owe, probably more) at 3% (that is prime isn''t it) which means I gain 120K in equity, that is a nice little bonus for me. Also you lower my payments drastically from the 1100 a month I pay now to about 400 a month under your scheme. Again who cares what that does to the banks and regular investors, I''ll do great!

Does that really sound fair? How about the government buying houses about to forclose AT their market value (evan if less than what''s owned) then financing the ENTIRE amount owed at a reasonable interest rate, say 7%, and if the current owner can make the payments then great, once they pay off the ENTIRE amount then they own it. This way the Banks/Investors/Speculators are not rewarded, nor punished unduly, the Government probably breaks even with some paying off the loans and others being forclosed.

[riptide213]

Remember this.

We the people in order to form a better nation. We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.

When did it all go astray?

Make this election an historic 21st Century turning point in our national politics when the American people had their modern day resurgence to tear down the ivory towers of political cronyism and arrogance.

If the people dont win this one, if the people dont make politicians answerable now to us then we the people might not get another chance to really change the course of our prevailing political descent into an abyss of public desolation.

All those in power must play or pay by our rules not some privileged artificial construct of democracy without public accountability or rebuke.

Voters fix your bayonets of virtue and lunge toward a ballot box near you to save our nation from the enemy within.

Vote for them in political battle trenches isolating our nations leaders from their own citizens and putrefying spirit and intent of our countries founding principles.

If required, vote with your best gut instinct not with your party politics.

[forthepeopl1]

"under water" as their loans exceed the diminishing value of their properties.

please this is a simple thing to fix, why are you bending over for all of the wallstreet scum.
you have the right to do what this paulson/ben did for wallstreet,saying they had to to save america. so you can say the same thing, but this time you would be saveing america, and not wallstreet.
you must come out and stop the forcloseing of all these millions of homes, now,
ALL YOU HAVE TO DO IS MANDATE THAT ALL MORTGAGES THAT HAVE BEEN TAKEN OUT FROM 2000 TO 2007 BY ALL AMERICANS TO BE RE-FI A.S.A.P. NO EXCEPTIONS,


NO MATTER WHAT THE CREDIT IS, THEY WILL RE-FI EVERYONE AT JUST OVER PRIME, AND AT A RATE OF 40% OF WHAT IS OWED ON THE PROPERTY( PERSONAL HOMES ONLY)!!
WHY, BECAUSE MOST HOST ARE SELLING AT FORCLOSER FOR 20 TO 30 CENTS ON THE DOLLAR, SO AS TO WHAT PAULSON SAID TO BEARSTEARN 2 DOLLARS IS BETTER THAN NO DOLLARS SO TAKE THE DEAL..NOW REMEMBER ALL OF YOU, IF THIS COMPANY IN 6 MONTHS LOST 98% OF THEIR VALUE FROM 700 BILLION TO WHAT IS IT NOW. AND FOR SOMEONE TO COME IN AND BUY IT FOR NOTHING, WHAT IS THE REAL VALUE OF ALL THESE HOMES???NOBODY KNOWS, SO WHY NOT JUST START OVER??? AND STOP THE BLEEDING FOR ALL AMERICANS.

[e-mail]
DAVID A BELANGER
FOR COMMON SENSE THIS IS SO EASY TO FIX DONT MAKE IT HARDER THAN IT IS PEOPLE.

right, come out in the real america,see if you can make it,live on it.