The Washington Independent - Latest Comments in Mortgage Giants Need Dose of Reality

Re: Mortgage Giants Need Dose of Reality

braidbunch — Tue, 12 Aug 2008 10:41:53 -0000

Is it the irresponsible homeowners that drove the price up on oil? Or was it the speculators?

Was it the homeowners all across the country that worked for businesses that couldn't keep going due to the gas prices, thus losing their homes because they no longer had a job.

This just keeps snowballing. People lose their jobs, can't pay gas, can't pay their mortgages.... and on and on.

Fannie Mae and Freddie Mac didn't cause them to lose their jobs.

If there was ever a time for government to step in, I think it would be NOW.

Re: Mortgage Giants Need Dose of Reality

braidbunch — Tue, 12 Aug 2008 09:42:41 -0000

My guess is that everyone who wants to shoot the bailout down either rents a house or lives with their parents.

They must get help, or the nations housing prices will just get worse. People won't be able to get loans.

We need help now! Let's put the money here instead of in Iraq (who has a surplus by the way)

Why is it we can send billions out to other countries, but can help out our own country in a time of need??????????

Re: Mortgage Giants Need Dose of Reality

kwaayesnama — Tue, 12 Aug 2008 07:38:18 -0000

McCain says irresponsible, undeserving homeowners are loosing their homes.

In his widely panned March 25th address on the economy, John McCain essentially blamed American homeowners teetering on the brink of foreclosure for their plight, insisting any assistance must be temporary and must not reward people who were irresponsible at the expense of those who weren