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kjrice
02-19-2009, 12:25 AM
So, I can get rewarded by not paying on my mortgage now? In addition, there is nothing mandatory for a lender. The real deal is about another handshake for the Democrats favorite contributors: Fannie Mae and Freddie Mac. UFB!

At this rate, why would anyone want to pay their mortgage? Stop paying and get refi'd at 3-4%, or walk away and rent for half, while putting the cash away. At the end of 7 years, you can try again, while saving an extra $100K. It doesn't pay to do the right thing the way gubment is going at it.

Bob Gutermuth
02-19-2009, 09:58 AM
I paid off my mortgate in 1991. Now I get to help others pay theirs off with my money, socialism at its finest.

Franco
02-19-2009, 10:20 AM
They way they are borrowing and printing money, the dollar will be worthless. Meaning we are headed for a disaster if we don't come to our senses and no one will be able to afford to pay on thier mortgages. Obomonomics is making a difficult situation a complete tragedy, finanacial suicide! We should be saving money, not spending it. The problem created since we have gotten off the gold standard is that it may not pay to save if the dollar is worth less month after month.

Eric Johnson
02-19-2009, 01:52 PM
Apparently there was quite a stir on the floor of the Chicago Exchange today.

http://www.cnbc.com/id/15840232?video=1039849853

Eric

Franco
02-19-2009, 01:59 PM
Apparently there was quite a stir on the floor of the Chicago Exchange today.

http://www.cnbc.com/id/15840232?video=1039849853

Eric

Lets all stop paying our mortgage and send a loud message to the Dumocrats!

badbullgator
02-19-2009, 01:59 PM
Apparently there was quite a stir on the floor of the Chicago Exchange today.

http://www.cnbc.com/id/15840232?video=1039849853

Eric


Hey nothing to worry about the market is only down 60 points as of now:rolleyes:

http://co112w.col112.mail.live.com/att/GetAttachment.aspx?tnail=0&messageId=85f5dcfe-7751-4918-93ee-ef280206cb9d&Aux=4|0|8CB60E3F0844690|

Richard Halstead
02-19-2009, 07:24 PM
Rick Santelli and other at the Chicago Board of Trade called out the president about the homeowners that were responsible buyers having to pay the bill for those that bought more house than they can aford.

howbroker
02-19-2009, 07:33 PM
Read the "anticipated" requirements for qualifying under the new "bamanomics homeowner mortgage bailout" - and you will see this is again a joke. The U.S. Congress approved on JULY 26th, 2008 (Bushonamics) a major housing market rescue bill. Effective October 1, $300 billion in loan guarantees to help an estimated 400,000 families who face losing their homes to foreclosure, According to the Commerce department ... 525 applications to date totaling less than 4 million. This new piece of legislation will be just as easy to qualify for and maybe even easier to understand. And as near as I can determine, NOBODY I KNOW, could qualify for it. Its all just lip service from professional political personalities stumping for votes for the next election before the last one has left our memories. Throw all the bums out! We need term limits and we need to draft (yes I said draft) the best and brightest from all walks of life to a list that ALL POLITICAL APPOINTEES must come from. Stop the nepetisim, cronyism, and political payback mentality that walked us into this mess in the first place. - just my 2 cents!