- sodahead.com
Posted on 06/30/2011 7:27:23 AM PDT by Recovering_Democrat
A new federal program is offering aid with a sweet kicker: It doesn't need to be repaid.
(Excerpt) Read more at finance.yahoo.com ...
up to $50,000! Wow...
He can only get this money from one place......you and me.
where’s the obligatory Matthew Lesko photo posting?
This makes me sick to my stomach. What is the point in playing by the rules? I’m quite sure no one will ever bail me out if I run into financial difficulties. Quite sure. I don’t fit into any of the favored demographics. (Not that I’d want anything from the government)
In obama's mind, the government giveth and the government taketh away.
All you have are belong to us.
Blue Heron Farm articles (doubt 0bama’s vacation spot will need the $50K)
http://www.mvgazette.com/news/2005/10/07/blue_heron_farm_sale.php
http://www.timesonline.co.uk/tol/news/world/article6729772.ece
http://www.demotix.com/photo/414453/aerial-shots-marthas-vineyard
The initial tarp should have been a direct grant to homeowners which bought down the mortgages. (ala digital box converter credits)
- sodahead.com
This is like accepting a tip from your robber, I suppose.
Reparations.
How does the executive branch get away with passing out billions whenever, wherever and to whomever they please?
WTF happened to my country?
More re-distribution of wealth calculated to benefit the gullible (aka Obama supporters).
He can play with the timeframe as well, thus ensuring he can get this money from your's and my kids, both of our kid's kids, etc. Not only that, he can just promise to give this money, while this promise is not kept - when he prints/borrows to the hilt to spend it, after the economic collapse, nobody gets nothing. [zer0 and family safe in retirement in kenya or libya or egypt, etc]
Others say the program doesn’t go far enough. The loans will be made available to around 30,000 applicants — “a drop in the bucket,” says Stu Feldstein, president at SMR Research, a housing and mortgage research firm.
And there will be a “nonreflectivity” requirement for the recipients, you can be sure.
How about struggling pony owners? Where’s the love for them?
This is just one more way to keep underwater homeowners making payments for another year or two, thus enabling the Wall Streeters holding those mortgages to retain them on their books at the “let’s pretend” value.
What is considered a “struggling” homeowner?
Somebody who really shouldn’t be buying a house anyway?
Hey Obama, I’m underwater due to your economy but I still make my payments on time...do I get some cash?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.