Article Score0

Lack of regulation and oversight has caused this mess, and still NOTHING HAS BEEN DONE TO PROTECT US!! Some people are sitting in mortgages that have creeped up $ 1000 a month more then 3 years ago./ WHY ARE YOU PROTECTING BIG BUSINESS WITH A 700 billion BAILOUT WHEN we the average american haven’t had any protections at all?!

7 Thoughts on When WILL OUR government wake up and change regulations on mortgages and loans?!?
  1. Reply
    karina
    May 4, 2011 at 12:02 am

    it is all about the rich people. i think this whole thing was planned.

  2. Reply
    Soup Nazi
    May 4, 2011 at 12:47 am

    You are going to have to pull Bwany Fwank out of his mountain climbing underwear first!! They tried in 2002 and it did not work.

  3. Reply
    emucompboy
    May 4, 2011 at 1:28 am

    Congress is filled with unthinking posturing dolts.

    The “teaser rate ARM” got us into this mess — people qualified for them at historic low rates instead of the rate that the loan would have during most of its lifetime. Most “lost the house” sob stories printed in the newspaper have the phrase “the rate reset to a higher amount.”

    Congress should abolish the teaser rate ARM, which is a ticking time bomb, and strongly consider abolishing the ARM altogether.

    P.S. I blame Greenspan.

  4. Reply
    Chris
    May 4, 2011 at 1:31 am

    When Democrats and Republicans both pull their heads out of their ***es, and listen to each other and compromise. That is how we start by fixing the problem.

  5. Reply
    ♥cake
    May 4, 2011 at 2:10 am

    the ONLY thing we as homeowners can do, is either let them have the houses back….
    or suffer.
    The Bush bill helps the Government because if they ” help” you, you will have to pay them a 3% exit fee when you sell the home, AND if you sell in 1 year after they basically bail you out from your current mortgage, they get 100% of your profit. 2 years after, 90%, and so on until the 5th year. At which point, they get 50% of your profit forever if the home is sold.

  6. Reply
    Bon Bon
    May 4, 2011 at 2:36 am

    Happened at perfect timing! Anyone trying to sway an election, perhaps?

  7. Reply
    Stl_6string
    May 4, 2011 at 3:31 am

    The people incharge of congress just don’t seem to care, since they are the once most responsible.

    Here’s and informative read by a leftist journalist/author.

    http://www.ldsmag.com/ideas/081017light.html

    Leave a reply

    Register New Account
    Reset Password