[BornToBeAmerican]

“Seventy percent (70%) of African-American voters favor McCain’s plan, as do 50% of white voters. “

Oh that is going to hurt.

[jessduntno]

Nice find. Good post...welcome.

[cripplecreek]

Responsible buyers are opposed.

[ScottinVA]

Sometimes I wonder how much Sarah personally agrees with McCain on a lot of issues. She hesitated a bit when asked about support cap and trade actions on industries. She also disagrees with him on ANWR. She also was not happy about the pullout of the campaign from MI. I know she’s not going to make a big deal of them, because as the running mate, she has to be the “good soldier,” but I believe some of his stances must get under her skin privately.

[rom]

Wake me up on election day. Either way it appears the Republic loses on November 5th. Killed by Democrats, aided and abetted by Republicans — we don’t stand a chance this cycle.

Maybe the next, with fresh conservative leaders waiting in the wings. If Premier Obama hasn’t signed an Executive Order arresting all Conservatives and exiling them to Pockistan.

[AngelesCrestHighway]

Seventy percent (70%) of African-American voters favor McCain’s plan, as do 50% of white voters.....

Of course.....everyone with an upside down mortgage get in line....all taxpayers will bail you out.

[Eurotwit]

The bailout package is already rewarding recklessnes, isn’t it?

Might as as well reward reckless joe-six pack instead of the reckless fatcats on Wall Street?

Or am I going wrong here?

[Daffynition]

Why worry .... it's all Monopoly money anyway.

[Maelstorm]

I just saw this. I didn’t think it would be a high negative thing. I don’t like it but it isn’t a deal breaker.

[concerned about politics]

HELLO!

I heard something VERY important on FOX last night.

The polls are not only based on polling respondents - they also include the number of new registrations into account.

That means the polls include all the bogus ACORN ballots (and other small, left wing groups doing the same).
If you remove the thousands of fraudulent registrations from the equation, the poll numbers change dramatically.
I often wondered by Osama Hussein Obomas numbers were so high when he appears to be nothing but a body without a soul.

[Reagan Man]

As long as the Feds can buy ink and printing presses, the Treasury Dept will be able to supply all the money the country needs.

[mysterio]

Am I the only one who has read the bailout bill? THIS IS ALREADY THE LAW OF THE LAND. IT IS SECTION 109. Neither McCain or Obama has read the bill. Section 109 gives the government the power to do exactly what McCain is proposing.

Seriously, I can't believe no one has picked up on this.

[mysterio]

Section 109. Foreclosure Mitigation Efforts. For mortgages and mortgage-backed securities acquired through TARP, the Secretary must implement a plan to mitigate foreclosures and to encourage servicers of mortgages to modify loans through Hope for Homeowners and other programs. Allows the Secretary to use loan guarantees and credit enhancement to avoid foreclosures. Requires the Secretary to coordinate with other federal entities that hold troubled assets in order to identify opportunities to modify loans, considering net present value to the taxpayer.

SEC. 109. FORECLOSURE MITIGATION EFFORTS.

(a) Residential Mortgage Loan Servicing Standards- To the extent that the Secretary acquires mortgages, mortgage backed securities, and other assets secured by residential real estate, including multifamily housing, the Secretary shall implement a plan that seeks to maximize assistance for homeowners and use the authority of the Secretary to encourage the servicers of the underlying mortgages, considering net present value to the taxpayer, to take advantage of the HOPE for Homeowners Program under section 257 of the National Housing Act or other available programs to minimize foreclosures. In addition, the Secretary may use loan guarantees and credit enhancements to facilitate loan modifications to prevent avoidable foreclosures.

(b) Coordination- The Secretary shall coordinate with the Corporation, the Board (with respect to any mortgage or mortgage-backed securities or pool of securities held, owned, or controlled by or on behalf of a Federal reserve bank, as provided in section 110(a)(1)(C)), the Federal Housing Finance Agency, the Secretary of Housing and Urban Development, and other Federal Government entities that hold troubled assets to attempt to identify opportunities for the acquisition of classes of troubled assets that will improve the ability of the Secretary to improve the loan modification and restructuring process and, where permissible, to permit bona fide tenants who are current on their rent to remain in their homes under the terms of the lease. In the case of a mortgage on a residential rental property, the plan required under this section shall include protecting Federal, State, and local rental subsidies and protections, and ensuring any modification takes into account the need for operating funds to maintain decent and safe conditions at the property.

(c) Consent to Reasonable Loan Modification Requests- Upon any request arising under existing investment contracts, the Secretary shall consent, where appropriate, and considering net present value to the taxpayer, to reasonable requests for loss mitigation measures, including term extensions, rate reductions, principal write downs, increases in the proportion of loans within a trust or other structure allowed to be modified, or removal of other limitation on modifications.

Does everyone see now? It's already the law.

Does it make anyone else nervous that the two candidates didn't read the bill? That the media hasn't read the bill? That apparently none of us has read the bill?

[DemonDeac]

People love “free” money. Or at least the lazy or those who ain’t too bright.