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2008-04-29 Home Front: Politix

WH opposes Democrats' ~~attempt to buy votes~~ mortgage relief bill

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Posted by gorb 2008-04-29 00:00|| || Front Page|| [3 views ] Top

#1 The Bush administration calls the bill a "bailout,"

Why, yes it is. However, it follows the Donk election motto - Money for nothing and chicks for free.

Posted by Procopius2k 2008-04-29 09:28|| 2008-04-29 09:28|| Front Page Top

#2 I'm a conservative with libertarian leanings, but this type issue brings out some populist too.

1) People that borrowed more than they should have shouldn't be bailed out.

2) People that used all the marketing bait and switch and fine print to trick people into (1) should be shot.

3) if the whole housing market goes under we're all in trouble.

So how do we get out of this mess? (and yes I realize that congress pushed easier lending policies for years. But, the pols. wagon is so full of sins there's no where to add this one)

I didn't support the bail out of Chrysler back in the day, but that worked out okay. Is this similar on a distributed basis?

The one thing that government COULD do in the future is rather than getting involved in the mechanisms, set standards for transparency so that everyone knows exactly what they're getting into.
Similarly, I've seen estimates that we could save billions on healthcare by merely rationalizing and standardizing the paperwork. Maybe an exaggeration but I know that that kind of standardization can dramatically improve a process.

So, how do you implement 1) & 2) without realizing 3)?

Posted by AlanC 2008-04-29 14:23|| 2008-04-29 14:23|| Front Page Top

#3 There IS a simple solution to the housing mess, simply have the Government DEMAND (With prison terms as needed) that all variable mortgages be "Reset' to the original, Pre-raising interest that the homeowners first agreed on, converted to a "Fixed-at-that-rate Mortgage", and make variable rate mortgages illegal..

Then the sufferers would be the thieves who pushed these Variables in he first place, not the homeowners told "Don't worry about it, it's not going to raise, it's just a precaution".

Posted by Redneck Jim">Redneck Jim 2008-04-29 23:46|| 2008-04-29 23:46|| Front Page Top

23:59 JosephMendiola
23:55 gorb
23:46 Redneck Jim
23:45 Chinegum McGurque5166
23:36 JosephMendiola
23:29 tu3031
23:28 JosephMendiola
23:15 Frank G
23:12 Rush Limbaugh
23:12 trailing wife
23:12 Redneck Jim
23:09 Frank G
23:09 Sock Puppet of Texas
23:07 Snash Oppressor of the Mohammatans aka Broadhead6
23:06 Redneck Jim
23:06 James Carville
23:03 Sock Puppet of Texas
23:02 Cromert
23:01 Redneck Jim
22:51 DMFD
22:49 trailing wife
22:47 trailing wife
22:45 Snash Oppressor of the Mohammatans aka Broadhead6
22:44 trailing wife