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Thread: $75 billion

  1. #1
    Senior Member kjrice's Avatar
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    Default $75 billion

    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.
    Last edited by kjrice; 02-19-2009 at 12:35 AM.
    The problems of today cannot be solved the with same of thinking that created them.

  2. #2
    Senior Member Bob Gutermuth's Avatar
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    I paid off my mortgate in 1991. Now I get to help others pay theirs off with my money, socialism at its finest.
    Bob Gutermuth
    Canvasback Chesapeakes
    ROLL TIDE!

  3. #3
    Senior Member Franco's Avatar
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    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.
    It's such a shame that in the USA, defending Liberty has become such a heroic deed.

  4. #4
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    Apparently there was quite a stir on the floor of the Chicago Exchange today.

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

    Eric

  5. #5
    Senior Member Franco's Avatar
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    Quote Originally Posted by Eric Johnson View Post
    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!
    It's such a shame that in the USA, defending Liberty has become such a heroic deed.

  6. #6
    Senior Member badbullgator's Avatar
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    Quote Originally Posted by Eric Johnson View Post
    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

    Last edited by badbullgator; 02-19-2009 at 02:16 PM.
    Views and opinions expressed herein by Badbullgator do not necessarily represent the policies or position of RTF. RTF and all of it's subsidiaries can not be held liable for the off centered humor and politically incorrect comments of the author.
    Corey Burke

  7. #7
    Senior Member Richard Halstead's Avatar
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    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.
    cave canem...beware of the dog
    Richard Halstead (halst001 at yahoo.com)

    http://www.browndogmafia.com/finalists.html

  8. #8
    Junior Member howbroker's Avatar
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    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!
    "A government big enough to give you everything you want, is big enough to take away everything you have." Thomas Jefferson

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