[RolandBurnam]

better to bailout the homeowners than foreclose on the average guy and bail out the mortgage companies anyway/.

[uxbridge]

Unconstitutional (no Constitutional authority for the FHA or the federal government to be a guarantor of home loans) federal government intervention in the market...ostensibly to prevent a necessary market correction of conditions created since the credit bubble created by the Fed from and after the beginning of 2001 when the Fed intervened to “stop” the market correction tech bust.

Virtually all of the federal government today (both Democrats and Republicans) are modern-day descendants of FDR-type socialism and the naive and arrogant opinion that the government can outsmart the market...watch how both parties continue to push the Fed to pump money in the market to prevent a stock slide and inevitable recession and watch how both parties will create new federal programs and spend billions to “help” homeowners keep homes they could never afford

The markets will ultimately prevail...and government intervention and government (i.e. taxpayer) bailouts and government manipulation of the money supply...will all only delay the inevitable ugliness...and only make it worse when it eventually happens

[Dems_R_Losers]

Nice of Dodd to join the party — the Bush Adminstration has had a FHA modernization bill for 5 years and it has gone nowhere. Dodd is too busy running for President to actually pay attention to what is going on in the industries his committee is supposed to be overseeing. Now that there is a crisis and he can get some headlines he is blaming eveything on the Administration.

[BlabItGrabIt]

UH??? Didn’t the current President Push for this a few years ago, with the dimwits doing notting, Herr Commendant!@

[ex-Texan]

They are still vandalizing key words. My they are fast. Must be a slow day at the real estate / mortgage office.

110th; applesonly5cents; breadlines; depression; despair; doom; dustbowl; grapesofwrath;

The Admin moderators can put a stop to it. If they want to.

[PBRSTREETGANG]

Did Dodd think this up over his waitress sandwich at lunch?

[upchuck]

Senator Dodd, has it ever occurred to you that there are Americans who don’t deserve home ownership? It is a privilege, ya know, not a right.

Only a greedy scumbag bastard would make a home loan to somebody with “undocumented” income.

[wolfcreek]

We have an FHA loan and I would be happy if they took away the monthly *handling* fee.