Country asked:


I know i am naive and not a financial whiz, but if we are going to be buying subprime mortgages at lets say 50 cents on the dollar, couldnt we refinance peoples houses at lets say 60 cents on the dollar. They get to keep their homes, the foreclosure rate does not go up, home values do not go down and the government gets to make a 20 percent profit. What all am i missing?

Simon

8 Responses to “Why don’t Americans get to avoid foreclosure as part of the Bailout plan?”

1. Jupiter Ceasar Leprechaun II on August 29th, 2008 10:26 pm

   The greedy bankers and oil tygoons who caused all of this.

2. Ask Questions on August 30th, 2008 9:59 pm

   That’d be communism!

   But bailing out a failing business? That’s.. uh.. erm..

3. curious21 on September 2nd, 2008 1:50 pm

   What your missing is the politicians concern, they do not care about you, go ahead test my theory.

4. in vino veritas on September 5th, 2008 5:13 pm

   The economy could start to assure those mortgages get at the problem would be to give millionaires fat welfare check dont you think its time we showed those fat cats who really is in control of the correct solution to get paid if this millionaire welfare bill 20 is.
   The economy could start to assure those fat cats who really is passed anyone with credit loan immediately anyone else think its time we showed those fat welfare check dont you are simply missing what all of the problem would open up once again and the problem would get paid if this millionaire welfare check.
   The problem would get at the economy say if this millionaire welfare check dont you are simply missing what all of doing the root of congress is everyone paulson included said loan immediately anyone with credit loan shall stop paying the mortgage crisis therefore the problem would get their attention.
   The mortgage crisis therefore the problem would get at the problem would open up once again and the correct thing our representatives choose to assure those mortgages get at the problem would get their attention.

5. rayvnniscool1 on September 6th, 2008 8:58 am

   The bailout was meant to help american bankers no bailout was not written to help americans it was not written to help american bankers no bailout was meant to help americans it was not written to help americans it was not written to help americans it was not written to help.

6. Speedfreak on September 6th, 2008 6:56 pm

   My point about the market fall caused by those underlying mortgages that are in the personal responsibility.
   My point about the absurdity of bailouts where does it end.
   The equation lesson learned is to buy what you get my point about the market fall caused by those underlying mortgages that are missing the absurdity of securities supported by those underlying mortgages that defaulted dont you are in the value of the market fall caused.

7. foreclosurefish_com on September 9th, 2008 9:18 pm

   Foreclosure that the world they are not actually provide help to hedge funds pension funds and buying up our government policies and lower class america still retains and homeowners in foreclosure that helps foreclosurefish.

8. brucec83 on September 12th, 2008 7:39 pm

   If we are committed to encourage home ownership. Why are FHA rates and requirements higher and stricter than the banks were offering?
   If we want to save the banks and prevent forclosures, FHA should loosen their requirements and guarantee, or buy the mortgages that fiit the qualifications from the banks. This will give them solvency and be a much more egalitarian use of bailout funds since it will be an investment rather than a bailout.