Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (96019)	7/4/2011 8:27:15 PM
From: koan	Respond to of 149317

Well I saw that. It was what I have been bitching about. Banks have onlly made it harder while government stood by. Government should have taken control. $1,000 is nothing. $5,000. They could have had a few simple rules and the government should have made the rules, not banks. Income, 40% gross, credit score, over 650, and allow refinancing of anyone for 1st and 2nds up to 125% of appraisal at 4%. That would have done it and look how simple that was! Make it automatic and simple. It would have worked really well that way, and saved millions of houses at no cost probably.