I am receiving phone calls every day about the "new" bill that passed to help the homeowner. Funny thing, seems this is not the first time the government has "helped" the consumer. I am sure Indy Mac, Freddie, Fannie and ? will support a bail out.
Does the term "Savings and Loan" mean anything.
I wish I could screw up a business and get paid for doing so.
There are no free lunches. WE will PAY for this "help". Question is will anyone see a benefit besides the banks.
Latest prediction, WAMU is next. I have been saying this for months now.
Back to the topic. If you look at the bill that was passed you will see this is not intended for very few. In addition the banks set the terms and conditions. It has so many holes in it, makes swiss cheese look solid.
Not only there lots of holes, they are making the holes bigger on an as required basis. Starting to look like it will cause more problems than it will solve.
Posted by: Brian | August 07, 2009 at 11:07 AM
Biggest problem today - banks are being handed all this bailout money, right? But not a single penny of it is going to reduce mortgage balances of homeowners whose homes are underwater. We are bringing homeowners throughout the country together and bringing their individual stories to Congress. We have to make our representatives aware of how little is being done... especially for those that modification can help. Visit our website for details.
Posted by: Larry Vallely | August 13, 2009 at 10:49 AM
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Posted by: olique estefan | August 31, 2009 at 10:07 AM
The banks are the biggest winner in this fiasco and I'm sure this won't be the last time that the government will bail out the consumer. I can't stand the term "to big to fail".
Posted by: Steve Jenkins | September 07, 2009 at 08:18 PM