Housing?

[DOGS THAT BARK]

http://blogs.forbes.com/afontevecch...cker-rule-derivatives-credit-rating-agencies/

Ten months since President Barack Obama signed Dodd-Frank into law, regulators have missed all 26 deadlines supposed to be met by April. According to ProPublica?s Jesse Eisinger and Jake Bernstein, ?Dodd-Frank requires 387 different rules from 20 different regulatory agencies. The Byzantine, tedious rulemaking process has occasionally pitted regulator against regulator and
proved a bonanza for lobbyists.?

 

[DOGS THAT BARK]

<LI id=anew_78792>6:56 AM A snapshot of Las Vegas real estate: a 23.5 acre property that sold for $30.2M in 2007 moves to a new buyer for $4.4M, an 85% haircut. Comment! [U.S. Economy]

 

[StevieD]

No doubt aboout it. Bush was wrong to start bailing out the big guys. Obama just as wrong. We need to bail oiut the middle class. Any politicians on either side willing to do it?

 

[ssd]

For all the money that was funneled into banks, Wall Street and around the world, labeled as stimulus or bailouts, etc - it has done very little good.

My idea - and I sent it to my Senators and reps -

If the taxpayers are going to fund these bailouts, then every homeowner should get an 18-24 month reprieve on their mortgage. They have to pay the principal amount due - no interest and interest does not accrue. At the end of the grace period, normal payments resume.
Homeowners could continue to pay the full amount.

Now, don't you think US homeowners, having an extra $400? $600? $1000 a month for 18-24 months would have stimulated the economy? Gotten caught up on bills? Paid down debt? Saved some? Took a vacation?

The stimulus and bailouts were not about helping American citizens. They were about recapitalizing the banks and the elite. Period. Same thing with the Greek and Portuguese and Irish bailouts.
Those gov'ts are being lent money so they can pay on current loans! Does that make any sense? Taxpayers are being asked to give money to these countries so that those countries can make good on the loans they owe to the banks!!!!!

This is all so the banks do not lose money.

 

[Duff Miver]

For all the money that was funneled into banks, Wall Street and around the world, labeled as stimulus or bailouts, etc - it has done very little good.

My idea - and I sent it to my Senators and reps -

If the taxpayers are going to fund these bailouts, then every homeowner should get an 18-24 month reprieve on their mortgage. They have to pay the principal amount due - no interest and interest does not accrue. At the end of the grace period, normal payments resume.
Homeowners could continue to pay the full amount.

Now, don't you think US homeowners, having an extra $400? $600? $1000 a month for 18-24 months would have stimulated the economy? Gotten caught up on bills? Paid down debt? Saved some? Took a vacation?

The stimulus and bailouts were not about helping American citizens. They were about recapitalizing the banks and the elite. Period. Same thing with the Greek and Portuguese and Irish bailouts.
Those gov'ts are being lent money so they can pay on current loans! Does that make any sense? Taxpayers are being asked to give money to these countries so that those countries can make good on the loans they owe to the banks!!!!!

This is all so the banks do not lose money.

Fine idea, but.....it would cut into bank profits, and that's a big no-no when they're pumping money into the pockets of politicians.

How about we ban all contributions of any and every kind to politicians? No cash, no free plane rides, no fact-finding trips to Hawaii.

Viable candidates for the Senate get $ one million max, those for the House get $100K.

That's it, not another penny, no second party ads, nothing else.