...s strictly limit the new bailout authority to six months, then have the new administration enact permanent legislation on both systematic recapitalizing of and much tougher regulation. A refinancing of sub-prime mortgages held by homeowners. American households have already lost something like two trillion dollars in home equity, thanks to sub-prime. Why use public money to bail out the wizards of Wall Street who caused the damage, but...

...encourage everyone you know to get their own copies, just as you got yours, and do the same thing. There is a very simple solution to the mortgage-based financial crisis. Ease the terms on the hardworking homeowners who are struggling to make their payments, and thereby help them directly. We remember when we fought against the hideously cruel new bankruptcy bill a couple year ago, rammed through without a serious attempt at a filibuster...

... with Countrywide’s Consumer Markets, a division of Countrywide Bank, FSB. Be the strength behind a $1.3 trillion portfolio* and the source for new ideas and solutions for more ofAmerica’s homeowners and business partners. Apply your mind, heart and entrepreneurial talents with the industry’s leading team, and discover why top-performing mortgage professionals excel with us. * December 2006 SEC filing. Funding/Post-Closing ...

... with Countrywide’s Consumer Markets, a division of Countrywide Bank, FSB. Be the strength behind a $1.3 trillion portfolio* and the source for new ideas and solutions for more ofAmerica’s homeowners and business partners. Apply your mind, heart and entrepreneurial talents with the industry’s leading team, and discover why top-performing mortgage professionals excel with us. * December 2006 SEC filing. Funding/Post-Closing ...

... while Washington looks the other way. The sub-prime crisis is the result of good people getting bad loans. Loans that triple or quadruple in interest rates, riddled with small print, are unbearable by most homeowners. But they are particularly unsustainable for low-income families working two or three jobs to make ends meet. Still, lenders scammed hardworking families with the promise of owning homes they really couldn't afford. And ...

... in some bail-out operations. The Reconstruction Finance Corporation, actually created by President Herbert Hoover, continued to rescue major railroads and other key businesses, while some of the New Deal's efforts to help homeowners also rewarded real estate interests. The main emphasis, however, now switched to regulation. The Glass-Steagall Banking Act, the two laws of 1933 and 1934 regulating the stock exchange, the creation of the ...

...done, to steal from the USA government and eventually the American people. Many homes that were foreclosed upon could have been paid for, and still could be by directing the bailout to foreclosed businesses and homeowners instead of pigs at AIG who do not want to pay their insurance funds liabilities, and also Lehman Brothers executives and their colleagues sold short on their Lehman Brothers stocks and hastened the downfall of Lehman...

...> wrote in message news:6843b16b-b742-4768-9c81-ed21fd266253@r15g2000prd.googlegroups.com... On Sep 18, 1:13 am, Immortalist <reanimater_2...@yahoo.com> wrote: ... to make it impossible to write down the debts of the four million homeowners that are expected to default this year, impossible to write down the debts of companies that have issued junk bonds, impossible for the country to get rid of this excess of debts that can

...to write down the debts of the four million homeowners that are expected to default this year, impossible to ...bargains. ...you would save these four million homeowners from defaulting and being kicked out of their houses. ... the current mortgage debacle? Btw, the loss to these homeowners will not be that great. Very few of them... they can reasonably avoid it, they will. For the homeowner however it's a dilemma when the house is ...

... make it impossible to write down the debts of the four million homeowners that are expected to default this year, impossible to write down the ......Then you would prepare the ground for writing down the debts of the homeowners that have no way of repaying the exploding mortgages. Those interest ... the economy to pay, and you would save these four million homeowners from defaulting and being kicked out of their houses. Now they’re ...