Well Fannie Mae has agreed to lighten up during the holidays. That says something but does nothing but prolong the agony for some. It is like being on death row and postponing your execution. The time in between is not quality time. I do not deny the banks, lenders or investors the right to foreclose. I do have some questions though
THE NATION IS UNDERWATER
What I don't understand is that if a house is underwater by as much as 70% of its mortgage value, how is all that the borrowers fault only? I mean Wall Street, investors, and banks all supported the activity that led up to a meltdown. Why then is it the borrowers fault exclusively?
GOVERNMENT AGREED TO HELP...?
This is a National Emergency and at the very least requires government intervention. It appears that many in power agreed and did intervene FOR ALL THE BANKS, WALL STREET, AND INVESTORS. As to the borrowers, they remain luckless and are expected to just fade away..
PUTTING IT TO A VOTE..I WONDER
If we put to the vote to bail out borrowers in the form of principal reductions, loan mods or refinancing options, I wonder by how much of a majority that vote would pass. Without the lower and middle classes, the upper class would become a dog eat dog arena where only the fittest would survive. Not wise to kill off the classes
REWARD OFFERED FOR LOST MONEY?
It was reported than an estimated 6 trillion dollars exists in home equity today. It is considered to be half of what the original amount was. QUESTION: Where did the other 6 trillion go? SIX TRILLION mislay-ed somewhere? I admit ignorance but not for asking questions and only for the subject matter
PRESIDENT OBAMA
President Obama has brought home the troops, brought down tyrants, and set a fine example of an American loving family. If he is to run again and succeed, he must help the other families out there too...in my opinion right now
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