Bailout

Is economy right now “fundamentally strong”?

Jun 252011

I need some answers here… If our economy was fundamentally strong, then wouldn’t the 150 year old giant Lehman Brothers be strong enough to weather this? Wouldn’t middle class wages be going up instead of down? Wouldn’t huge multi-billion dollar companies be able to stay afloat without government intervention or taxpayer bailout? Wouldn’t our health care system not have nearly 50 million people uninsured? Wouldn’t we be creating jobs instead of losing them? Wouldn’t our national debt be under control?

I know McCain is trying to change his answer to “people and their ideas” are strong, but that sounds like a cheap political copout and is contradictory since having strong people and strong ideas in management would prevent these huge companies from crashing, wouldnt it?

Is California’s public debt considered junk yet? Will Obama nationalize CA’s government if there is a bailout?

Debt Management 4 Responses »

Jun 212011

http://news.xinhuanet.com/english/2009-11/22/content_12520757.htm ” California’s budget deficit will reach 20.7 billion U.S. dollars over the next 18 months, according to report from the State Legislative Analyst’s Office.” Will Obama use left over Tarp money to bail out California and will he nationalize the management (i.e. state government) like he did to General Motor’s management.

Are you upset with the Democrats for not being able to hammer out a government bailout deal? ?

Mortgage Loan 5 Responses »

Jun 102011

Are you upset with the Democrats for not being able to hammer out a government bailout deal? ?

I’m a Liberal Democrat, and this is the first time I’ve ever been so upset with my own party. I heard a soundbite from exactly five years ago, in which (Housing Committee Chairman) Baw-ney Fwank was saying that he considered Fannie Mae and Freddie Mac to be (in Frank’s own words) “solvent”, and not in [...]

The real effects of not doing a bailout?

Credit Repair No Responses »

Jun 102011

Last night on my local news they were talking about things that the cities are facing now. Well here in dallas, they are saying that a lot of the roads and bridges need to be repaired and that they borrow money for that and the intrest rates are shooting up (cities were dumb enough to [...]

Why aren’t jumbo loans included in the foreclosure prevention bailout package?

Mortgage Loan 6 Responses »

Jun 102011

Seems to me those people need a place to live too. Jehen—-Those people can lose their jobs too Those homes lose more value than others in times like this and the jumbo refi rates are much higher than conventional rates These answers imply that those that have jumbo loans didn’t overextend themselves, don’t lose their [...]

Why are they rushing this massive bailout?

Mortgage Loan No Responses »

Jun 082011

Is it so that congress can go on vacation next week? With Pelosi at the helm this wouldn’t surprise me? Are we trading a bad week on Wall Street for 20 years of misery for the taxpayers? People with solid credit will always be able to get loans. So what if people with bad credit [...]

Will the mortgage bailout help me?

Mortgage Loan No Responses »

Jun 072011

I bought a house 2 years ago, at the peak of the market. According to zillow and rough estimates from appraisers, without an actual appraisal, i have lost over 80k on the value of my home. I have an 80/20 load and im paying interest only right now with a 6.875% on the 80 and [...]

Is criminalizing predatory lending better than unfairly taxing families to bailout bankers’ greed/Wall Street?

Mortgage Loan 1 Response »

Jun 072011

Secretary of the Treasurry Henry Paulson and his $ 700billion bailout of Wall Street Financial firms and reckless bankers is no less than a fraud perpetrated against the average Amrerican family. Predatory lenders and their predatory lending practices are continued to be fed by US use of credit cards, lines of credit and home loans [...]

Can we trust these people to have a say on the bank bailout?

Mortgage Loan 7 Responses »

Jun 072011

Do we need some investigation into the Fannie Mae/Freddy Mac and mortgage/bank bailout before paying 700 billion because of these politicians’ connections? http://businessandmedia.org/articles/2008/20080924145932.aspx reports “Prominent Democrats ran Fannie Mae, the same government-sponsored enterprise (GSE) that donated campaign cash to top Democrats. And one of Fannie Mae’s main defenders in the House – Rep. Barney Frank, [...]

What do you think about this Bailout Could Help Illegal Immigrants ?

Mortgage Loan No Responses »

May 302011

The massive government bailout of the nation’s financial system could help thousands of illegal immigrants who obtained home loans from banks that were encouraged to offer them by the federal agency in charge of preserving and promoting public confidence in the system. The controversial $ 700 billion bailout will offer foreclosure relief for those at [...]

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