... Sep 2008 22:23:47 -0700, Bill Shatzer <bshatzerNO@comcast.net> wrote: gatt wrote: No. Life is actually pretty good, except for people who gambled too heavily on ridiculous lendors or mutual funds who supported them. Or for folks trapped in mortgages they can't refinance and who are facing foreclosure. My wife was commenting just this ayem, as we were drinking our coffee Fug off pet killer.

... -- so let'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 ...

... and community centers as so many are already doing. And 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,...

... on wall street, and while they take 99%% of the blame, along with government not regulating, i would think 1%% belongs to the stupid people that bought those 1500 sq ft new construction homes or adjustable rate mortgages. I need to talk this out a little for my own sake so thanks. The banking industry is now and always has been given a special status in society. The main function it serves is to give assurance of economic ...

... people will not find it easy to find new work in the (desperately contracting) industry their qualifications and experience are in. When they do find work, they will be earning far less. Many of them have mortgages, and many may well now or soon have negative equity. They shouldn't have allowed themselves into being suckered into trying to live beyond their means while over-consuming and the rest for hoping to...

...apparently a LOT of people bought homes with adjustable rate mortgages. I mean, when I was in my early twenties, ...1500 sq ft new construction homes or adjustable rate mortgages. I agree, a lot of people set themselves up for... big time losers, and also buys and ameliorates the mortgages of folks in trouble, as they are currently planning ...no one is "bailing out" anyone with a home mortgage in trouble. The Govt has been bailing out FF/...

...apparently a LOT of people bought homes with adjustable rate mortgages. I mean, when I was in my early twenties, ... sq ft new construction homes or adjustable rate mortgages. This is another example of how the US system ...in Australia you couldn;t obtain a fixed rate home mortgage. Still today fixed rates are not given over 10 ...fanny may, or the Govt imposed system of Home Mortgages, that in essence precludes the US Banking system from ...

gatt wrote: No. Life is actually pretty good, except for people who gambled too heavily on ridiculous lendors or mutual funds who supported them. Or for folks trapped in mortgages they can't refinance and who are facing foreclosure. And all those folks who are working for firms that gambled too heavily. And those folks who worked for the lenders and mutual funds which supported them. And for those folks who didn't ...

... plain traitorous. I was listening on NPR to Congressman Ander Crenshaw, Florida Republican, blame Democrats for the mortgage debacle. "...(they pushed to get unqualified people loans.. it is all the Democrats fault)..". He failed to ... for initiation of the loans and then sold them to banks...bundled...with no oversight by the new mortgage holder nor did the broker make any effort to sell moderate, starter home loans ...at a fixed ...

.... But apparently a LOT of people bought homes with adjustable rate mortgages. I mean, when I was in my early twenties, one of the first ... that bought those 1500 sq ft new construction homes or adjustable rate mortgages. I agree, a lot of people set themselves up for failure. On the ... bails out all the big time losers, and also buys and ameliorates the mortgages of folks in trouble, as they are currently planning to do, the crisis...