Mortgage Groups
Why should bad Mortgage holders, defunct banks and other financial groups be bailed out with our tax dollars?
My opinion is that people overextended themselves during the years of prosperity and did not plan for economic down turns. Remember the grasshopper and the ant story and the moral to that story? Well, no one helped me when I had to declare bankruptcy and was nearly homeless. I am not hateful because of that experience. It brought to the realization that people have no longer taken responsibility for their actions or plan for the future. The “Me” generation is crashing.
And, this down turn in economics just might be a good thing. You can make a house of cards only so high before it falls. Hopefully the entire house of cards don’t collapse. Hopefully, there is a sound base that we can rebuild upon smarter and higher.
So, what arguements against what I just stated? Where are my thoughts flawed. Why should my tax dollars be spent to bail out other people’s misfortunes? Sell the house and buy cheaper or rent.
Oh, my IRS money in May is going into my savings, not being spent.
I agree with you about being responsible. My husband and I have done all the right things for nearly 30 years. We have the Roth IRAs, the 401K, the modest home etc. But, we are approaching retirement age in the next 10 or so years with not nearly enough to retire on thanks to what has happened over the past two years. Our house was appraised at 325K 4 years ago when we took out a Home Equity line of credit. I couldn’t give it away now. Houses in my neighborhood have been on the market for over a year and haven’t had a single offer.
So, if our tax dollars are going to be used to help someone I would much rather it be Americans. Like my husband and I who have worked hard and saved, and my daughters who graduated from college and can’t find those high paying jobs nor can their husbands and both have babies on the way. I keep telling them this is the perfect time for them to buy a house but, they are paying off student loans and don’t have a down payment. I wish I had it to give them.
I want a president who will put America first. Solve our pressing problems and get the economy back on it’s feet. From what I see in the selection of candidates I don’t think it’s going to happen.
US Corporations Hoard Cash While Banks,Mortgage Companies Close Down
|
|
Home Movies – Season One $17.33 A fixture of cartoon networks popular adult swim block comes packed with bonus features produced with the full involvement of the shows creators. Studio: Uni Dist Corp (music) Release Date: 11/16/2004… |
|
|
60 Minutes – We Own It (May 17, 2009) $17.95 Airdate 5/17/2009 Of all the corporate bail-outs this year, none has been more costly or contentious than the rescue of AIG. The insurance and financial services conglomerate has been given or promised up to $180 billion. Meanwhile, the man tasked with managing this gargantuan mess, Ed Liddy, is only earning $1 a year. Steve Kroft asks Liddy how AIG got into such deep water, how it will get out, … |
|
|
Your Guide to VA Loans: How to Cut Through The Red Tape and Get Your Dream Home Fast $1.98 In 1944, Congress enacted the GI Bill to thank the men and women who served in the armed forces for their hard work and dedication. One of the most valuable benefits included in the bill was the VA Loan. But bureaucracy and stringent procedures have made applying and qualifying for these loans complicated and unwieldy. Your Guide to VA Loans is the first book to guide veterans through the process…. |
|
|
Streetwise Seller Financing: Sell Your Property up to 70% Faster $15.99 Streetwise Seller Financing is designed as a complete guide to the entire process of seller financing real estate. Starting with the homework before the sale, Eddie Speed moves through underwriting, structuring the sale, complying with applicable state and federal laws, preventing default and what to do if your property does enter default. Table of Contents: Introduction Part i: Homewor… |
|
|
The Complete Guide to Preventing Foreclosure on Your Home: Legal Secrets to Beat Foreclosure and Protect Your Home NOW $16.57 When a homeowner can no longer make payments on the house, the lender or bank will attempt to seize the property. This process, known as foreclosure, is becoming more and more common, even for those with good credit. In 2009, a record 2.8 million U.S. properties received foreclosure notices, up 21 percent from 2008 and up 120 percent from 2007, according to the RealtyTrac 2009 Year-End U.S. Forecl… |
