Comments on: Mortgage Giants Propose a Rescue Plan

By: seschris

seschris — Thu, 13 Nov 2008 17:31:31 +0000

There is enough blame to go around. The government officials (on both sides) should not have allowed deregulation of the banks (predators) the indivudual should not have accepted the loans (uneducated victims) and that idiot Bush should not have asked/forced the American taxpayers to pick up the tab while banking CEO’s go party with the bailout money. That being said, personal responsibility would have helped a lot in this case. We all know what we can and can not afford. I would love to live in a mansion but I can afford to live in a house. Just because the bank offers you $750,000 mortgage loan to purchase your dream house (based on your credit NOT your paycheck) doesn’t mean that you should accept it and move in and worry about the payments later. NO!!! NO!!! NO!!! You must decline that $750,000 mortgage loan and accept a lesser amount that is within your current budget (look at your REAL paycheck) and go ahead and move into the cheaper house that you can afford. Living beneath your means is the best sleeping pill invented. Plus now you can afford some furniture, to put your kids thru a good college and to retire with dignity preferably before you drop dead!

By: cecilenoe

cecilenoe — Thu, 13 Nov 2008 05:11:48 +0000

NO ONE WILL LOSE THEIR HOME.
NUMBER ONE PRIORITY HELPING THE MIDDLE CLASS. NO ONE WILL LOSE THEIRE HOME ,
I REPEAT NO ONE WILL LOSE THEIR HOME.

By: Andrew

Andrew — Wed, 12 Nov 2008 19:16:18 +0000

look lets be real there is a reason there are 12 people in court or in jail for preditory lending because to be a preditory it means to “PREY” on lesser . You had so many minorities doing all they can to try and get the american dream to then have these people swindling you out of your hand earned money. You see my god is a righteous one and his laws are eternal. You reap what you sown. That is why your markets are a shambles greed decietfulness and lies.

By: LaShawna

LaShawna — Wed, 12 Nov 2008 18:40:50 +0000

What!?!?!?! People put thierselves into this mess. People were making $30,000.00 a year and taking out $450,000.00 mortgages, it is the banks fault and the people! Do not get mad now because you bought something you could not pay for.

By: Mortgage

Mortgage — Wed, 12 Nov 2008 17:31:14 +0000

Mortgage companies are trying a lot of different things to try to restimulate the market. It's interesting to see what the news is and what changes are taking place.

By: In DC

In DC — Wed, 12 Nov 2008 16:40:30 +0000

Tracey,

Your not to bright, the poor pay nothing.

By: Mary

Mary — Wed, 12 Nov 2008 16:34:15 +0000

We can give a 700 Billion Dollar Bailout for financial Insitutions who decevied some, by playing on their desperations to be bailed out of their financial debt. It is a great crime when we can look pass the faults of others who help create this mess while lining their pockets with great closing cost padded gain from the ingnorance of another. Why not take some of that 700 Billion dollar and bail out the tax payers who have found themselves in some of those faulty mortages which will created a relief for the tax payer and restore thier faith in our economy to make wiser decisions. We can not just blame the tax payers, when you have companies being bail out and taking resort trips. Who going to spank them. So before we start throwing rocks and stones lets do our home work and check our hearts.

By: Sissy

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By: cecilenoe

cecilenoe — Wed, 12 Nov 2008 15:20:51 +0000

NO ONE WILL LOST THEIR HOUSE ANYMORE.

By: Madelyn

Madelyn — Wed, 12 Nov 2008 15:19:40 +0000

Tracey,

You can’t blame the individuals only the banks had a responsibility as well. There is enough blame to go around. Ever heard of predatory lending?