Posted on 04/11/2007 1:55:10 PM PDT by stainlessbanner
Edited on 04/11/2007 2:03:12 PM PDT by Admin Moderator. [history]
The federal government should offer troubled borrowers hundreds of millions of dollars to bail them out of subprime mortgage loans, several leading Democratic lawmakers said on Wednesday.
"The federal government can send in an infusion of [money] to prevent foreclosure," said Charles Schumer, a New York Democrat.
(Excerpt) Read more at biz.yahoo.com ...
And what are you going to do about it? Do you really think voting will change this behavior on Congress’ part?
Does anyone have the name and number of a sub-prime lender? I think I'll go buy another house and go into default, since the Schumer wants to bail me out. I also need the phone number of some people capable of creating forged documents that say I'm a staunch Democrat too. That should ensure a Chucky-Bail-Out.
So I should help bail out people who made stupid financial decisions? I don’t think so.
Could the governmental “teet” get any bigger for these people to suck at?
Gee, you think something is funny if you take a $400,000 mortgage and your payment is only $900 a month?
ASSHAT borrowers deserve to lose their homes.
Schumer is a bigger asshat.
There are states already doing this or considering it. The Feds should stay out of it.
what BS, hey I want some of that money too-oh wait, they want me and you to pay for it. Typical democratic sociailst garbage.
I just want to continue to thank those of you who stayed home and didn’t vote. You make me sick.
"The federal government American Taxpayer can send in an infusion of [money] still more exorbitant taxes, sucked from your pocket to prevent foreclosure foolish debtors from experiencing the consequences of their own decisions.," said Charles Schumer, a New York Democrat Socialist moon-bat.
(Translate-O-Matic services: Liberalspeak to English )
Well I for one didn’t stay home. However I did use a coin flip on each choice. Some of the selections based on those coin flips were fairly unsavory, but thats the breaks.
Does this mean I can stop making house payments?
My Super Agent De-Coder Ring translates this as:
"The federal government Democrat held Congress can send in an infusion of [money] to prevent foreclosure buy the Oval Office," said Charles Schumer, a New York Democrat.
This is great...just because I wasn’t able plan well around the biggest investment in my life, doesn’t mean it’s my fault. My home was suppose to keep appreciating so I continue to takeout credit to live off of. When I signed up for the adjustable rate mortgage, I didn’t realize that the interest rate was going to change...
BOHICA!
I can’t stand this Marxist SOB.
Let the market work. There’s probably millions of pople who have saved to buy a home. These foreclosed homes will provide homeownership to people who are more responsible.
And now the commie Schumer wants to give irresponsible deadbeats my money to keep them in these houses for another few months, homes that should go on the market for people who will be responsible and meet their obligations.
I bet because those same sub prime lenders contributed to the Democratic party.
Hey chucki, where do you get off spending my money on others stupidity?
Leave my money alone.
I’m a little puzzled by this article. Could someone please explain what a subprime mortgage is?
So we are to bailout financially irresponsible folks once again? What’s in it for me?
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
Why not do the same for the bankrupt?
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