Why not just pay all the mortgages?? Let the speculators and bundlers

[cliffordu]

fuck right the fuck off????

How much would a bail out of all the people stupid enough to think they get mortgages for nothing COST, anyway??

It would have to cost less that what the idiot in chief wants in the long run.

Maybe we could supplement it with some of that nasty cheeze the head rats parachuted out with.....

[Wapsie B]

1. Now that would be one helluva stimulus to the economy.

Pay off those mortgages, people have lots of disposable income. Too bad it's against every fiber in a repug's being to give a boost to the working class. The trickle-downers still rule the day.

[cliffordu]

4. Trickle up economics.

[Occulus]

11. Renters like me want something too

I'm still a taxpayer, and that money has to come form somewhere.

How about buying the first 12K of the debts of non homeowners while we're at it?

Hey, they're asking for more, and they'll continue to do so- for themselves. Why not bail out a big chunk of taxpayers instead? Wouldn't that prompt people to spend- or even save- and give our economy a boost at the same time?

Recently, someone- Ithink it was Bernie Sanders- said something to the effect of, if these companies are too big to fail, they are too big to exist. So why not splinter them? Break them up into companies that fit into distinct and separate categories, however many are needed for the divisions of the business in question, and let them stand or fall on their own?

While we're at it: if we're suddenly considering handing over seven hundred billion dollars to start with, why can't we dole out one tenth that amount to health care? Education? Infrastructure? Science programs, such as NASA and others? Renewable energy?

And on and on.

The very fact they are even asking for this reveals the massive swindle. They deny us all the things I've listed, and oh so very much more that could make America the great nation it could so easily be, and yet they say to us now, "give us this or else".

Break them up. Do it now. Into a hundred pieces each if need be. Burn away the dead wood, help the forest flourish, seed it with the money the parasites wanted, and watch the whole system prosper.

[cliffordu]

13. Yep. Elegantly put. Thanks.

[stray cat]

22. I have not bought a house because I didn't have 10-20% down

why should those who got interest only loans get a paid up house while I'm responsible and am still renting? However, why should people who aprove bad loans get bailed out while the loanees suffer.

[magellan]

2. Oh, but we CAN'T reward the "stupid/criminal" homeowners

Just the stupid/criminal financial institutions.

Socialism? Never. Fascism? Bring it on!

This is AMERIKA, after all!

[cliffordu]

3. Damned right!!

[Bluebear]

5. Let's pay off *every* current mortgage! What a stimulus package!

I'm betting it STILL would be cheaper than this bailout.

[cliffordu]

8. Yep,I believe it would. Think of the thousands per year per household that would

be put back into the economy - we could rebuild the infrastructure of he ENTIRE nation.....

I think it's an idea who's merit is every bit as good as giving the greedbags everything.

[man4allcats]

6. I wouldn't mind. I got a mortgage on an old house

that I could actually afford, but you know, hey, if they've got 700 billion dollars they just want to give away, well sure, I'll take my little $87,000 drop in the bucket! What the heck?! Thanks, guys! I know you're a bunch of criminals, but I could use the cash all the same even though my mortgage is current. Even the Corleones weren't all bad. Just give everybody a free house. Works for me. You might as well if you're gonna give away that kinda cash. I'd rather see you do that than give it to a bunch of rich bastards who never intended anything other than to fuck us all over anyway!

[cliffordu]

7. At least the money would go to something of REAL VALUE, not just some kind

of ponzi scheme.

[bigtree]

9. we were just saying the same thing

JUST NOW!

weird.

I think that would be the best solution, since it's our money. They've had their shot at equity, now it's our turn.

[cliffordu]

10. Someone needs to tell Obama to blow the doors off the joint tomorrow with this

I can be the housing czar.

Let the bundlers and swindlers twist in the wind.

[Skittles]

12. is someone going to buy me a house

if not, then FUCK NO

[Critters2]

14. You should kick their fucking asses, Skittles.

ISTM.

[Skittles]

16. these requests for handouts are getting sickening

how about we get back to the basics of demanding affordable housing and healthcare, decent wages, stop the pimping of jobs via offshoring, etc.? Enough already.

[Critters2]

19. From your keyboard to God's eyes. nt

[cliffordu]

20. Now you're talking. I just figured since we're supposed to bail someone out at

this point with funny munny,it might as well be real families....

[cliffordu]

15. I'd buy you a house, skittles, if I could.

[Skittles]

17. I would prefer and AFFORDABLE HOUSE

let's get back to what we are SUPPOSED to be working on

[TahitiNut]

18. Not "pay off" but rewrite them under the terms the homeowners have demonstrated they can handle.

Here's the deal. The market is flooded with homes ... and nowhere nearly enough qualified buyers. That's ONE of the reasons for the sub-prime loans. (There were other, even more corrupt reasons.)

So... if the home is foreclosed and the current homeowners are evicted, THEY will have their credit record make it even more impossible to buy a home. They'll be homeless or renters (if the landlord accepts them). The HOUSE will add to the oversupply of homes for sale ... for a LOT less than it was (supposedly) purchased by the evicted homeowners.

So, why not "sell" it for a better price than the foreclosed home could sell for TO THE CURRENT owners and under terms they have demonstrated they can handle? It's a win-win.

Other homeowners in the neighborhood benefit, too. The renegotiated sales price is higher than the forclosed home's sales price and that affects 'comps' and helps the market. A foreclosed home is subject to vandalism ... and could become a crack house.


In order to do this, however, the paper has to be bought by an agency/organization willing to REmortgage the house ... for a price that reflects the 'actual' net-present-value of the current mortgage, discounted by the risk of loss due to foreclosure. That agency/organization then must handle the rewrite in each INDIVIDUAL case, some of which may not be doable.

[cliffordu]

21. The only problem is that major campaign donors cannot make a killing with your

plan, it makes too much sense, it would go a LOOOONG way to fixing what the fuck is wrong with the system....


Other than that, DING DING DING, we have a winnah!!!

:patriot:

[mmonk]

23. Yes, that plus reregulation would be cheaper and make more sense.

That's why it probably won't be done.