[Graneros]

Being a responsible person in the USA sure has it's drawbacks. I'm thinking maybe I should get a 2nd mortgage and max my credit cards then go crying to the government. Oh wait I'm white and don't vote Democratic. Lost my mind for a second there.

[Borax Queen]

This is so jacked up.

[marstegreg]

With the election right around the corner what are the chances there is some money laundering going on here?

[Chickensoup]

So this is bank welfare.

[OpusatFR]

“Eligible homeowners can obtain interest-free loans of up to $50,000 to help cover mortgage expenses for up to two years.”

So they can take the money, default after two years, support the bankers and rape the taxpayers...again.

[Oceander]

Sounds nothing so much as vote buying. This is effing ridiculous. If you're not going to go Galt, then it's time to just get into tax evasion - heck, if it works in other socialist "paradises" then it'll work in this one just fine.

[EGPWS]

This is America, nobody should have to suffer because of their lack of prudence and/or responsibility.

After all, everything bad that anybody has to experience is always the fault of somebody else.

[Nachum]

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/

[cranked]

Wonder how many tens of million of homeowners struggling to make their mortgage payments and ends-meat every month feel about the blind-sided punch called the Emergency Homeowner’s Loan = crack program? =.=

[org.whodat]

So when do they pay the loans back, because if they do not it is illegal.

[CharlyFord]

This is so wrong in so many ways!

Where is the Government getting the money it’s passing out like candy?? Are they borrowing it from the Chinese or Oil States?? I don;t think so! Are they borrowing it from the Fed?? If so, the tax payers will end up paying the interest and any principal not repaid!

This just ain’t right!!!!

[my small voice]

How long till it’s expanded to $100 billion? $1 billion ain’t gonna last long.

[Opinionated Blowhard]

Message: save, buy a house you can afford, struggle to make your payments and the government will SCREW YOU ROYALLY by taking your tax money and giving it to the guy who bought his “dream house” with a mortgage he could never pay. All because everyone believes that it was really those nasty old mortgage companies who suckered people into taking on mortgages that they couldn’t pay.

[lastchance]

If it is like the other programs out there the only ones who will qualify are the people who should never have been given a loan in the first place. This is not going to help the unemployed or underemployed person who brought a home within his income limits and who now has a dramatic decline in his income. It is to keep the people who went for ARM and brough way too much house from being foreclosed on.

[chuckee]

So as I understand it they had a Hardest Hit Fund giveaway for folks whose market value declined the most. Now we have this new Hard Up Fund for folks who lost their jobs and have no income to pay their mortgage. Next will be the Hard Left fund for lefties squatting in foreclosed homes who now want to buy them with gubmint money.

[Tzimisce]

See what following the rules gets you?

A big bill to bail out the guys who didn’t. LOL!

Now pay your taxes - your fellow freeloaders need the money. :)

[Nevadan]

Not only is this outrageous on its face, the fact that Nevada, the state that has been the hardest hit by the housing foreclosure crisis while at the same time has had the highest unemployment rate in the nation, is not even included in the latest giveaway of Obama cash.

[headstamp 2]

“Never let a crisis go to waste”

[usconservative]

And the best part is, they don't have to pay it back.

Yep, more transfer of wealth in this country from those who work and play by the rules, to the lazy SOB's who won't work, bought more house than they could afford and got greedy, so the rest of us have to pay their bills.

This country is jacked up beyond repair. Help me Jesus, I'm an inch from going Postal.......

[CharlyFord]

I see a huge conflict of interest with people getting taxpayer subsidized money from the government and voting to elect the politicians that provide that taxpayer subsidized money.

I have a suggestion to fix that conflict! Anyone receiving taxpayer subsidized money should be prohibited from voting.

Anyone applying for a bailout under this program should have their voting rights revoked until the money is paid back.

[proudtobeanamerican1]

I was thinking I should get the interest free loan and pay of my mortgage with it!!!! ;0)