Obama lets down homeowners

[Jaggy001]

Originally Posted by HappyTexan

Government should NOT step in and bail out homeowners who made bad decisions.

Homeowners need to deal with it. Foreclose and move on with their lives and hopefully make better financial decisions in the future.

Agreed

[Currency Pair Crocodile]

Obashmatrons who think he is a genie are in for a rude awakening. How about spending some decent time figuring out the complexity and near infeasibility of executing that promise, rather than jumping into the bandwagon

[eastwesteastagain]

Originally Posted by HappyTexan

Government should NOT step in and bail out homeowners who made bad decisions.

Homeowners need to deal with it. Foreclose and move on with their lives and hopefully make better financial decisions in the future.

[Zyngawf]

Originally Posted by Jaggy001

Its damned if you do damned if you don't.

The same posters who are criticizing him for not helping homeowners would complain about big government and socialism if he did.

No, those are the same ones that like big government and socialism.

[Zyngawf]

Originally Posted by Winter_Sucks

How about you don't sign for a loan that you nothing about. There's a reason the contract was written in fine print.

I guess this just all comes back to the religious belief by those on the right that everything that goes wrong or is bad in the USA is Obama's fault.

I think you are a bit mixed up there. It is the left that thinks people should be bailed out of their mortgage debt that they can't afford.

[HappyTexan]

Originally Posted by Nocontengencies

I think you are a bit mixed up there. It is the left that thinks people should be bailed out of their mortgage debt that they can't afford.

You forgot to add.."and keep their homes".

[Marv101]

The fact that Obama has shown no inclination to do away with the housing subsidies, including the ludicrous mortgage interest deduction as well as initiate the eventual demise of Fannie & Freddie tells all of us that he's clearly not interested in initiating a massive restructuring of our economy.

I also don't believe that government should 'help' people who made stupid mistakes by buying houses with little or no down payment, a policy created by his party; as someone who filed lawsuits against Citibank in the mid-nineties for not lending to homebuyers in certain neighborhoods as the Chicago Sun-Times reported, he's as guilty as the rest of his fellow Democratic cohorts for the housing meltdown by gutting underwriting standards in the name of social justice, with race-baiters such as Jesse Jackson among those yelling the loudest.

[texdav]

What homepwners should really be upset about is that the secondhalf of TARP as presented by Musdh administration and sold to congress was for the housing crisis. Now he has doe some things but saw that 59% as reproted by Faniie wnet back into foreclosure after beig refied. Way too mnay just coud afford what they bought. That cost those owners to refi with fees and cost tiem and money. Basicaly they could have done alot better by seeig who could afford refi and then concentratig o them plus those who feel on hardtimes like loss their job.The real probelm was that many that bought never could have gotten or afforded standard mortgages really.

[california-jewel]

Empty broken promises, and promises that will never be, go hand and hand with Obama!