Is a foreclosure rescue bill a good idea? Why can't we let nature take its course?

Question

Now that almost everyone is current, thanks to the economic stimulus package we borrowed from China.

Answer 1

Seems to me they just take turns putting out each others fires.

There is no time to fix anything, so the water has run out.

It's not a great idea, but it is a quick fix until it starts the new fire, unfortunately you are right, China is now putting out the flames

Answer 2

Stupid people do stupid things.  But it seems the stupid mortgage brokers who lent money to motel maids claiming $5,000 monthly incomes, and loan underwriters that didn't do their jobs either kind if got paid for fraud.

Maybe a few people got bad deals because a few people were too greedy to do their jobs properly.

Help the ones who could have kept their houses if they could refinance.

Answer 3

I'm grunting, grrrr, "They" change many things that worked!

What happened to:

Go to school, work, save money

buy a fixer upper, make do.

a third down at your local bank.

Now it is instant ownership, streamline home.

Empty pockets, we'll help you.

And they say the American dream is a scam.

Who is scamming who?

Answer 4

IMO it is wrong.  What about the rest of us who cannot afford to buy a house at all; the government is once again favoring those who have over those who do not.

However, when you have big OIL in power -- you know they are watching out for themselves and their wealth.

Answer 5

Deficit funded bailouts tax cuts and stimulus packages are a bad idea.

Answer 6

Tell me what it all means and you will win the Nobel. You listen to experts and you will not know anymore then you do now.

Answer 7

Notice how the banks wouldn't renegotiate the loans?

Then they expect the government to bail them out so that they can keep their interest?  

Individuals who took variable rate mortgages were not too bright to begin with; since when do prices or interest rates go down?    DUH!!      

No, the banks should be required to either foreclose or renegociate.

Answer 8

I think it is a good idea, not because it will give money away increasing our debt. To shield our economy from another depression,  because then there will more homeless families. Have you ever been homeless? I assure you that it is no picnic.

Answer 9

I think its a bad idea stupid people did stupid things... since when did being stupid mean the government will fix yer problems...

However i do think there were a few people who werent given the "fine print" to read and they should be helped out.