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.
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