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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (92553)	10/8/2010 3:44:40 PM
From: JakeStraw	2 Recommendations Read Replies (1) \| Respond to of 224757

Too bad people bought homes that they couldn't afford...

To: Kenneth E. Phillipps who wrote (92553)	10/9/2010 8:33:04 AM
From: chartseer	2 Recommendations Respond to of 224757

Doesn't this go back to freddie mac and fannie mae, The Banking Queen and the soon to be ex senator Dodd? If Barry can screw the GM bond holders can he not screw the mortgage holders the same way? Anyone investing in mortgages can affoerd to lose some mmoney even if they are banks, pension funds and insurance companies. So some rich people lose a few bucks. Just think of those poor people who will be able to keep their houses they cannot really afford without having to pay for them. Sounds like social justice to me. comrade chartseer

To: Kenneth E. Phillipps who wrote (92553)	10/9/2010 9:05:50 AM
From: chartseer	Read Replies (1) \| Respond to of 224757

FactCheck: "Cannot limit refinancing to responsible borrowers Obama said his plan to help struggling homeowners would aid "responsible" borrowers. Obama said, "We have launched a housing plan that will help responsible families facing the threat of foreclosure lower their monthly payments and refinance their mortgages. It's a plan that won't help speculators or that neighbor down the street who bought a house he could never hope to afford." But even the program's defenders concede that it can't possibly distinguish between "responsible" borrowers and those who foolishly (or fraudulently) signed up for mortgages beyond their means. The chair of the FDIC, also said there was no easy way to vet homeowners. "I think it's just simply impractical to try to do a forensic analysis of each and every one of these delinquent loans," she told NPR, adding that it's in the "collective economic interest" to not have more foreclosed homes on the market. Source: FactCheck.org on 2009 State of the Union address Feb 24, 2009" Okay! Lets let everyone keep their home. comrade chartseer