Comments on: Banks Aim To Help Struggling Homeowners

JPMorgan, Bank Of America Modifying Some Mortgages To Stave Off Foreclosures

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by sincity_q November 1, 2008 8:50 PM EDT
Oh come on! If the banks gave a single whit about home owners, they would have made it a simple issue of allowing them to reformat the loans. In truth, if the banks had any idea that they would be stuck with all these empty house worth only a part of their initial costs, they might have. But now?

Now they have a $700 billion gift from the UD Government so they can give bonuses and raises to those same ones who got them... and us into this mess.

Now, there is NO incentive to help the average American homeowner.

Too bad we don''t allow public hangings anymore.
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by rhs648 November 1, 2008 8:42 PM EDT
Gosh, those Howdy-Doody banks and their real American ways.... granting us pennies out of their recently-gifted tax-dollars!!!

They didn''''t have to do that!!

Posted by ubrew12

It sounds like you want your home for free. Then vote Obama.
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by variant_530 November 1, 2008 8:41 PM EDT
Hey Jamie Dimon - The soloution here is not to reward/bail out people who lack the foresight to understand that they could never meet their financial obligation. I doubt they even read their loan docs.
The real soloution is to lower the interest rate for those that are making their payments and who didnt use their home as an ATM to 2% so they can buy up these deadbeats homes and rent them back to them. Reward the people who are honoring their obligation not the ones who are not!
I''ve read that there is also a plan to forgive these deadbeats credit card debt. Where does this end? When those who do pay their bills are broke and can no longer foot the bill to bail out the deadbeats?
What incentive are you providing here?
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by frankistage November 1, 2008 8:29 PM EDT
great. where do i sign up?
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by ubrew12 November 1, 2008 8:23 PM EDT
"Banks Aim To Help Struggling Homeowners
JPMorgan, Bank Of America Modifying Some Mortgages To Stave Off Foreclosures"

That should continue for at least 3 days!
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by jerr11 November 1, 2008 8:16 PM EDT
The Republicans don''t believe in taxes but THEY SURE BELIEVE IN SPENDING!!

Bush''s great legacy - $10 TRILLION DEBT in four years!

Where''s the money coming from?

DEBT!! Like credit card debt!

And our kids and grandkids will have to pay for it!!

Thanks, Bush! Heckuva job!!
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by ubrew12 November 1, 2008 8:14 PM EDT
Gosh, those Howdy-Doody banks and their real American ways.... granting us pennies out of their recently-gifted tax-dollars!!!

They didn''t have to do that!!
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