Comments on: Bush Moves Against Home Financing Crisis

Plan Would Help Homeowners Facing Foreclosure Refinance Their Loans, But Not Sub-Prime Borrowers

[kaviz]

Woger,
It''s simple ray-gunomics. Give the wealthy wine and they can tinckle on the lower income. From what I''ve seen on survival, man can survive on this.

[wogerwabbit]

It makes sense. The sub-prime market is tanking, so no loans to the sub-prime borrowers... just give it to the rich guys with no money worries and it''ll eventually trickle down into the now homeless families tin cups. We all know how that works. Ya gotta admit, if Bush ain''t nothing else, he''s consistant.

[gkc99]

"Anybody who loses their home is somebody with whom we must show enormous empathy," the president said"

Just what does lose your home mean--lose your spec property, your California house you bid out of reach of a person who WOULD have lived there, the flip you thought would make you rich?

The home slick real estate shills fluffed into the stratosphere?

No, it''s time to let "the magic of the market" (Ronald Reagan) run its course. Yes, some innocent will suffer along with the guilty, but that''s true in Iraq too, to a much greater extent, and we all know what a noble cause Bushit thinks that is!

[standlee5]

Will the FHA refinance my ARM and HELOC both of which I had to enter into due to the incredible drop not rise in income over the past few years. If I''m eligible for an FHA loan I''ll take it. My first loan was an FHA at 10.5%. And how about a repreive from the 10% IRA withdrawal penalty if used to pay off debt.

[kaviz]

Barbara, I''m not sure he can pick his nose and ear at the same time and remember which one he wants to put in his mouth.

[sharncedar]

You people are so, so dumb. How many times is "Bush" going to fool you. Do you really, honestly, think this man is sincerely trying to help anyone but his rich friends? this is the guy who put the new bankruptcy laws in there. This is the guy who pushed the capital gains tax, the sole tax paid by the most indolent wealthy, to 15%.

This new program is a scam, it is another big government giveaway to the mortgage companies and big banks. Money going directly from the government tax revenues (or future revenues due to borrowing) into the pockets of the richest, most wealthy investors who are holding the mortgage backed securities.

How many more times will Bush fool you people ... tsk tsk. He lost me at Mission Accomplished, but I guess I''m a little smarter than y''all, which means y''all is real real dumb cause I ain''t no einstein.

[barbaraf4]

If Bush is sincere, why did he wait so long? Everything would be so much easier if he could multi-task.

[jerr11]

Bush Moves Against Home Financing Crisis


Just more posturing by the King of photo ops and political gimmicks.

Just ask them down in New Orleans.

[standlee5]

Didn''t I hear Donald Trump whining the other day on a talk show about a bailout. Like this guy who was once bankrupt deserves one stinking dime of govt. funding nor do the people who''ve bought his 3million $ "luxury" (not) condos.

[myidoncbs]

My thanks to olddummy46, homespunlady, and others who have taken this subject seriously and offered what knowledge and insight they have for our benefit. By reading through this thread from the start (and attempting to ignore all the extraneous trash), I have (re)learned several useful tidbits of economics. (It''s a tangled web.) So, a big "thank you" to those who made the effort.