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just1voice

(1,362 posts)

27. Worthless. A real bill would refi at 4 or 5 percent, govt guaranteed

Reply to dipsydoodle (Original post)

Thu Feb 2, 2012, 12:01 AM

Feb 2012

even for people behind on their mortgages. As the 2nd link states "Still, economists say that without reducing the burden on homeowners who are late on their payments, any new housing program will achieve little."

Obama's idea is only for people who can already pay their mortgages. It's BS.

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Obama calls for $5-10 billion for home refinancing [View all] dipsydoodle Feb 2012 OP

Finally. think4yourself Feb 2012 #1

Not with this Congress. nt onehandle Feb 2012 #2

I know. think4yourself Feb 2012 #3

Well, at least some of us will get to go around bitching about how our Republican reps vote on this. patrice Feb 2012 #6

Once Congress is done formatting this plan somehow Goldman Saks will end up 10 billion richer. harun Feb 2012 #16

a tax on banks? Why not the way the FHA (and USDA Rural Housing) do it now??? Roland99 Feb 2012 #4

The banks should consider it repayment of the bailout money PuffedMica Feb 2012 #22

"The program would cost between $5 billion and $10 billion..." What is this? PassingFair Feb 2012 #5

If future payments aren't made, there is no future interest. SharonAnn Feb 2012 #8

I know THAT. PassingFair Feb 2012 #9

Isn't this a little fucking late? Cherchez la Femme Feb 2012 #7

WAY LATE - but then, that was the plan Skittles Feb 2012 #11

This isn't for people facing foreclosure. At least I don't think it is. PassingFair Feb 2012 #19

Good for those that can get them Cherchez la Femme Feb 2012 #23

Election year BS. They know when this should have happened. harun Feb 2012 #17

I don't want this joeglow3 Feb 2012 #10

I'm with you. PSPS Feb 2012 #25

PSPS, it appears that you’ve bought into the banksters propaganda. ms.smiler Feb 2012 #28

I really wish I had bought a much bigger house. nt Snake Alchemist Feb 2012 #12

Oh great cbrer Feb 2012 #13

we want prices to drop to normal levels not these bank and realtor w.... dreams 2Design Feb 2012 #14

Mitt said let the housing market hit bottom. iandhr Feb 2012 #15

Refinancing is not going to help. We need principle modification. Atypical Liberal Feb 2012 #18

The story links don't work Old Guy and his pipe Feb 2012 #20

Issue must be at your end dipsydoodle Feb 2012 #21

What I don't understand about programs like this is that lovelyrita Feb 2012 #24

Barrack's been getting out the vote as of late. n/t Wilms Feb 2012 #26

Worthless. A real bill would refi at 4 or 5 percent, govt guaranteed just1voice Feb 2012 #27

This is a list item. It does nothing to help people whose property EFerrari Feb 2012 #29