[Eric in the Ozarks]

Just transfer money from those who work to those who dont...

[CharlesWayneCT]

Isn’t the meltdown already “cracking down” on unscrupulous lenders, by bankrupting them?

[sono]

Dems want to party like it’s 1929.

[Ancient Drive]

since Govt. owns these loans so to speak, they can help the people by overhauling the current paperwork and offer substantially lower interest rates on those loans. Loses would be minimal. SUre profits would not be raked in but the loans would be paid as scheduled. minimizing loses for everyone. I’m sure a lot of people would love to have something like that instead of going under, but the govt.(Dims mainly would rather have people go under)will not use such common sense.

[Bruinator]

The National Association of Mortgage Brokers (NAMB)LA.

Just add an LA on the end of this and the lefties will support it rather than abhor it. :)

[capitalist229]

The worst is expected to hit in 2008 an election year.

Repubs will pressure Bush to pass a bailout bill, ie Fannie and Freddie will be given authorization to buy all of the bad paper estimated at $1 trillion.

Taxpayer extortion.

BUMP

[taxcontrol]

Every generation must learn the hard way, the painful lesson that there is no such thing as “easy money”.

[syriacus]

How many people are having problems paying mortgages on their primary residences?
and
How many people are having problems paying the mortgages for extra houses which they bought, perhaps as investments?

[goldstategop]

The Democrats think its scary to lend people private money for their homes. Next they'll insist the government should underwrite mortgage loans.

"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

[GoldenPup]

Ah, yes...the horses are long gone and the Dimwits rush and stampede to shut the gate!!! As usual...too little, too late. Don’t any of these boobs have an original idea??? Pitiful jerks.

[mewzilla]

Mortgages for illegal U.S. immigrants

[OESY]

"I don't understand the big fuss about sub-prime mortgages. Why don't the
banks just red-line the areas that are wastelands and have a high incidence
of foreclosures? They need to treat every mortgage application equally."

Host Jane Curtin: "Miss Litella, Congress prohibited all that--years ago."

Emily: "They did? Oh, never mind. I hope they don't try to help again."

.

[ANGGAPO]

How do you convince a person that wants a home loan not to even think about a variable rate mortgage? Or does anyone remember mortgage interest rates going down over 30 years?