[adm5]

...to allow the Treasury Secretary to buy up actual troubled mortgages (Not MBS's or some other basket of securitized mortgage instruments) and then to change the loan (original principle) so that it is more in line with current (read: lower) home prices.

ARE---------------YOU---------------SERIOUS---------------MCCAIN?!

This is wrong on so many levels, but the six most troubling questions/concerns that pop in my mind are:

1) The U.S. Government will be buying what they admit will be inflated homes directly from stressed mortgage holders.

2) What effect will this have on the 92% of mortgage holders who are paying on time? - even while the value of their homes are falling off a cliff and they are becoming more upside down as each month passes.

3) In which markets will you buy these troubled mortgages?

4) Who will determine what the price of the home should be?

5) Who will eat the losses between what is owed on the current mortgage balance and the new and improved number arrived by Dictator Paulson and his successor?

6) If a contract is a legal agreement between at least two parties enforceable in a Court of Law - how will this precedent affect all other contracts?

Gee - McCain, do you think you might encourage a fairly large percentage of homeowners to default??

Moron.

McCain and his new pitbull, Sarah Palin, had a golden "maverick" opportunity laid out on a golden "maverick" platter to oppose the horrible bailout plan and sit on the side of 99% of the constituent calls/letters/faxes/emails that poured into Congress and yet he chose to fold an unbeatable hand which would have polarized him vs. with his opponent, Obama and Nancy Pelosi and Harry Reid, Gay Barney and a very unpopular and un-Conservative President Bush

I bet Sarah Palin, in private company, opposed the hell out of that ridiculous bailout debacle. She would have been the perfect person to fire up his base, AND convert lots of pissed off Independants and democrats to McCains side.

Game. Set. Match. President Obama.

[MHGinTN]

Mister Bagala, you already have the CNN liars club talking points in hand? Gee, you’re so at home

[MAD-AS-HELL]

you are right...but what do you expect from a frickin RINO?

Both aren’t answering the questions proposed to them and Tom BrokeJaw has no balls to shut either of them up.

[Osage Orange]

Unfortunately...I walked out of the T.V. room right after McCain said that........

Throughly disgusted..........

But not so disgusted that I won't vote for the RINO.

Because I believe Obama a much, much greater threat.

[DemonDeac]

He has time to turn things around but there are no big punches from him yet tonight. He needs a win and not a draw and this is a weak performance so far. Obama has given him more than enough ammo and he refuses to take advantage.

[St. Louis Conservative]

This is what I meant when I was worried about McCain “ruining” Sarah Palin. She could be associated with crap like this.

[Dallas59]

What I “HOPE” to say in 18 months is impeached President Obama....

[Bringbackthedraft]

I bet Sarah Palin, in private company, opposed the hell out of that ridiculous bailout debacle. She would have been the perfect person to fire up his base, AND convert lots of pissed off Independants and democrats to McCains side. ...................................... 4 years from now, she’ll be the standard bearer, and front runner of the Party. Obama will screw things up more than it is, he’s not an ass kicker, he’s an ass kisser. I will still vote for the Palin/McCain ticket, because that’s all I can do.

[Dallas59]

Well....Who have we got coming up in 2012?

[MAD-AS-HELL]

Why does this dipwad Obama and others think that getting OBama will end terrorism? He was just a money man. I wish McCain would remind people what Saddam was and that if we didn’t go into Iraq, Osama would have gone into Iraq and set up shop there!

[Onelifetogive]

I think Mr. McCain has locked up the white, racist, Democrat, socialist vote. He lost the GOP vote to do it, but I guess that’s what a maverick does...

[Petronski]

[Harry Wurzbach]

Obama makes a lot of “statements” and writes a lot of “letters” but strangely hasn't done anything in the Senate. McCain needs to hit him on this.

[rabscuttle385]

McCain enlightens us on his brilliant strategy to shore up the economy is to allow the Treasury Secretary to buy up actual troubled mortgages (Not MBS's or some other basket of securitized mortgage instruments) and then to change the loan (original principle) so that it is more in line with current (read: lower) home prices.

McCain is an idiot.

The Juan McCain Truth File. "I have great respect for Al Gore." —John McCain, October 2, 2008 FR Keywords: mccaintruthfile, mcqueeg, mcbama Please tag all relevant threads with the aforementioned keywords. This can be a very high-volume ping list at times. To join the ping list: FReepmail rabscuttle385 with the subject line add  mccaintruthfile. (Stop getting pings by sending the subject line drop mccaintruthfile.) Republican Commissar’s Warning: By joining this ping list, you may be subjected to the delusional rants and ramblings of McCainiacs, of "moderate" Republicans, of pragmatic conservatives resigned to voting for the lesser of two Democrats, and of countless GOP shills who simply want to meet a new overlord. Per FR posting rules, please be civil and polite in your comings and goings.

[BornToBeAmerican]

I agree, who in this God given country would not want to renegotiate there mortgage. I cringed when I heard him say that.

[Antoninus II]

There’s still time to buy firearms and ammo. I would encourage all Freepers to do just that. And if you can purchase “off paper” that’s better.

[Fred]

Sorry to let you down, but this move by McCain is absolutely BRILLIANT!!!!

A floor is desperately needed in the housing market. It is THE ONLY WAY to get the economy going...

Any takers

[swatbuznik]

What happened to my America? Geez. This is just... sick.

[svcw]

Hey, all you guys that said JM was going to get tough - hahahah
If it were not for Palin I would vote 3rd party.
JM is not capable of getting tough in these debates - my friend.

[Cinnamon Girl]

Go away.

[mnehring]

Glad to know you are rooting for Obama.. he will be so much better on all those issues than McCain.. yep, it must be that 'true Conservative' part of ya that supports Obama.. do I really need a /sarc tag?