If you overborrowed on your home and ran up the mortgage by constantly pulling out cash 
from your home like it was an ATM machine, or if you chose not to save a downpayment and borrowed close to 100% of the home value at the height of the market, your Congressional leaders, 21 of them in total are asking the FHFA in a letter to get the banks forgive a big part of the money you borrowed!!!
What gives Congress the right to decide who gets forgiven at the bank and who does not!!!
There is no reward for responsibility except higher taxes, think about it, I don't see anyone in Congress asking for someone to give me some money so I don't have to work 70 hours a week right now to make a living at something where I use to work 55. It would really be nice to not have to work so hard to pay taxes so that the government can give away our money. Now they are not only giving away only our tax dollars, they want to control the banks where we all pay higher fees to keep the banks afloat and tax dollars to bail out the banks to give away more money. Why don't the banks just reduce the fees for everyone, that would be more fair than just giving more money for irresponsible behaviour to the few who are in this situation!!! After all it is not 90% of the people who are underwater!!! Oh, I forgot, the 99% who Occupy are all wanting the government to do more, I guess I am in the 1% then!!!
Here are 21 Congressional leaders someone voted for who now want to dictate that the banks give away more money because we are all fed up with them giving away our hard earned tax dollars!!! We couldn’t get even a few of them to agree on reducing spending last week??? When will this end??? I cannot find there 21 names anyplace on the internet, would love to know who they are, I think this is the same congress who couldn't agree on reducing spending just a week ago. UNBELIEVABLE!!!! Okay, now I feel a little better!!!
Here is the article: http://www.dsnews.com/articles/congress-calls-for-principal-reductions-from-gses-2011-11-30
Comments(1)