Marking down principal

[fencerider2]

So the Gooberment wants the Fuckturds banks to mark down the principal for the Fuckturds homeowners that are upside down, is that the plan?

[XtremeVision]

I am pretty sure thats only during a bankrupty, not at any other time but I could be wrong.

Do you have a link?

[fencerider2]

I am pretty sure thats only during a bankrupty, not at any other time but I could be wrong.

Do you have a link?


Just listening to all the talk on TV and this link.

http://www.bloomberg.com/apps/news?pid=20601109&sid=aV6kqOuYFc5E&refer=home

Paulson, asked about Bernanke's remarks in an interview yesterday with American Public Radio's Marketplace program, said ``there will be instances where lenders are going to clearly see that the best solution for them which is less costly than a foreclosure is going to be a writedown of principal on a mortgage.''

`More Effective'

That stopped short of Bernanke, who said at a conference of the Independent Community Bankers of America that ``more can, and should, be done'' to limit foreclosures. He added that principal reductions ``may be a relatively more effective means of avoiding delinquency and foreclosure'' than renegotiating interest rates.

[Scott]

I am against the government bailing out people that bought homes they could not afford in the first place. Heck I am against the government bailing out anyone along these lines. Airlines, Amtrak, financial companies. If you make a bad financial decision you need to pay the consequences or no one ever learns and does it again.

Mortgage companies should not be pressured to do this, make people learn a valuable lesson.

Fugging morons.

[XtremeVision]

I am against the government bailing out people that bought homes they could not afford in the first place. Heck I am against the government bailing out anyone along these lines. Airlines, Amtrak, financial companies. If you make a bad financial decision you need to pay the consequences or no one ever learns and does it again.

Mortgage companies should not be pressured to do this, make people learn a valuable lesson.

Fugging morons.

The whole thing is really stupid.

If you took a fixed, like a smarter borrower, then you dont get shit. If you were not smart and took a loan you didnt know about or an arm that didnt work for you, then they bail you out. Its almost like you get rewarded for being stupid..lol

[Joe]

Its almost like you get rewarded for being stupid..lol

That sir, is the biggest problem in America right now...

[fencerider2]

Just watch what happens, because something in it for the banks. They will take the losses and write them off against previous years profits, a wind fall profit.

[BAMF]

Thats it, I'm going out to buy a 350k house with an 'exotic' loan on my 42k/year. AND I'm gonna buy a new BMW. Cuz if I don't, I'll never get all this assistance from the government.

[Scott]

don't, I'll never get all this assistance from the government.


Vote Democrat and you probably will. :lol:

[TIM TIM TIM]

thats crap.

america...rewarding stupidity since 1492

[TampaDude]

Its almost like you get rewarded for being stupid..lol

BINGO!!! That's exactly what is destroying America!

[MianoSM]

thats crap.

america...rewarding stupidity since 1492

:lol: