As much as I care for my fellow American, I'm glad.

Why should I live in a modest house while you CHOSE to live in a mansion out of your means? You can't afford it now? Oh woes you.

I'm glad these money grabbers are being kicked to the curb. No matter if its on wall street or main street. If you can't afford it, why did you buy it?

If we bail the suits out, its game over for America.

Wars, bailouts and welfare. We cannot create money fast enough for this lie.

Originally posted by litterbaux
As much as I care for my fellow American, I'm glad.

Why should I live in a modest house while you CHOSE to live in a mansion out of your means? You can't afford it now? Oh woes you.

I'm glad these money grabbers are being kicked to the curb. No matter if its on wall street or main street. If you can't afford it, why did you buy it?

If we bail the suits out, its game over for America.

Wars, bailouts and welfare. We cannot create money fast enough for this lie.

I agree, we bailed out Wall Street, but I think it's better people lose their homes, become
homeless and go on welfare.

If you lost your job, at least Wall Street got bailed out, you are probably lazy anyways,
you should have foreseen the bankers crashing the economy. There is no room for
circumstance anyways, boot to the neck, people need to be punished because punitive action
is best for everyone!

The whole reason behind the idea is to reduce the overall cost of froreclosure. The inventory of foreclosed homes is continuing to drag the housing industry down. Forclosed homes are a blight in many areas and dragging the value of neighboring properties down. Why go to the huge legal expense of going through the foreclosure process, end up with properties you have to pay to maintain (or worse yet are simply let-go) and then get a fraction of the original mortgage balance at auction? It makes no economic sense. From the very beginning they should have worked to keep people in their homes.

This whole 'why should I help someone keep a home that's better than mine' is bald-faced BS. At the very start you had the talking-heads saying that it was about red necks buying homes they knew they couldn't afford. We know, based on the facts, that that is utterly untrue. The problems that got the vast majority of people in this situation to begin with was CAUSED by the lenders themselves and their fast-and-loose Wall Street shenanigans. Besides the fact that this program makes good economic sense there is an ethical/moral angle as well. Let the banks take a frigging hit for once.