Unbelievable...
Are we gonna have a country left in 2013?
Banks will have lower margins, and carry more bad mortgages, not good for the balance sheet, but easier for Obama takeover....
And they can order this how exactly? I guess contracts and laws have no meaning anymore. Everything is as the One says it is.
Really, who’s surprised by this?
Hm...the latest Fuhrer decree I see...
Wow! Must be good to be king. Gee wonder if he can do something about car payments too./sarc
They got their pie. Bambi actually doesn’t want to do anything to improve the economy and restore jobs, because most of his clients probably didn’t work in the first place. I remember when a family member found out that the agency she was working for was getting mortgages for people with 100% government income...
I swear to God. If these contracts can be broken I’m going to stop making credit card payments.
“a lender could allow a borrower to make no payments at all”
translation: “Will be ordered to let the unemployed make no payments”
Yes they do, but some people decided they would stay home to teach republicans a lesson and here we are now with Pelosi and Reid in control of congress and obama in control of the WH. Not working out too well for the country, is it.
Housing prices need to come down, I live in CA, I saw first hand how ridiculously expensive it became to buy a house.
I remember when contracts meant something. I remember when “honor” was something sacred and most people would keep their word out of a sense of honor. I remember when “rule of law” meant something and government existed to perform a limited number of functions, including to enforce the laws as written. Yep, that means I’m old. I even remember when this sort of conduct was what happened in countries that were our enemies and not in friendly countries, and this sort of lawlessness by the government itself was almost a litmus test to distinguish between our friends and enemies. I have no doubt on which side of that line the thug in our White House falls.
Of course the banks who “play” with dems won’t be forced to do this...
Will somebody put a lid on this undocumented worker!
0bama makes Hitler look like an amateur when it comes to dictatorial unconstitutional acts.
That lady caught on video during the election was right, now she doesn’t have to worry about paying her mortgage . . . zero will just reach into his stash and pay it for her.
It will be the next target after the 50 Million (20 million here plus the soon-to-come relatives) illegals get citizenship and the ticket to the land of the big 'legal' entitlement system. This country's economic system will be subsumed by Obama, and it is a fiscal disaster freight train coming soon to a place that will affect you directly.
So, all I have to do is to quit my job or do something so colossally stupid to get fired and I’ll get a free Obama house? along with free Obama medical care and a car from Obama Motors.
where do i sign-up?
Where in the U.S. Constitution does the gubmint have the right to interfere with private contractual obligations?
Oh....silly me; that Document doesn't apply to THIS administration.
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If mortgage payments are cut or eliminated, what will happen to the real estate taxes which states and counties depend on for education and other services. Will real estates taxes also be forgiven? What happens to education then? What happens to local governments then when their revenue streams shrink or dry up?
How the fu*k is he gonna do that - absent new banking legislation ??? Almost all the banks that took money have paid it all back - WITH INTEREST !!!