Comments on: Credit Crisis Expert Says Proposed Plan to Bail Out Delinquent Homeowners May Face Too Many Problems to Succeed

By: Bailout Plan Forcing U.S. to Borrow $1.4 Trillion, Creating a $1 Trillion Deficit

Wed, 08 Apr 2009 16:35:08 +0000

[...] Money Morning News Analysis: Credit Crisis Expert Says Proposed Plan to Bail Out Delinquent Homeowners May Face Too Many Problems…. [...]

By: Study of Great Depression Shows Intervention Postpones Foreclosures, But Causes Mortgage Rates to Spike

Thu, 06 Nov 2008 14:27:51 +0000

[...] Money Morning News Analysis : Credit Crisis Expert Says Proposed Plan to Bail Out Delinquent Homeowners May Face Too Many Problems…. [...]

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Tue, 04 Nov 2008 11:07:40 +0000

[...] Credit Crisis Expert Says Proposed Plan to Bail Out Delinquent Homeowners May Face Too Many Problems to Succeed - By William Patalon III – A tentative Bush Administration plan aimed at keeping as many as three million homeowners who are behind on their mortgages from losing their houses will be difficult to administer, and could end up costing the country hundreds of billions of dollars more than the plan’s architects expect, a Money Morning contributing editor and credit-crunch expert said yesterday. … Even so, he said that “any bailout plan that directly addresses foreclosures is political posturing that will ultimately be overwhelmed by inevitable economic realities.” - Money Morning/The Money Map Report [...]

By: Get-Finance.co.uk : Credit Crisis Expert Says Proposed Plan to Bail Out Delinquent …

Sun, 02 Nov 2008 08:44:46 +0000

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By: chris erickson

chris erickson — Sat, 01 Nov 2008 03:45:54 +0000

well it looks like 2 banks mayfinialy get it ; I just hope that they do it right , not just the bad loans but alos the good loans should get help also , we will see if jp morgan & b of a
get it right..in helping out the home owners ????? or are they just trying to help them selves

By: chris erickson

chris erickson — Sat, 01 Nov 2008 02:35:29 +0000

am verIy p/o ed the banks instead of helping main street john q public are fatting up at our expense & raiseing rates instead of lowering them .. they dont adjust the loans that are going into foreclosure instead they would rather take a loss on them get free money from the tax payer then get a tax write off for their losses from the goverment… what needs to be done is fix housing & they way to do this is to lower the national instrest rate to 4.5% fixed for 30 years on al existing loans .. consoladate 1st 2nd 3rds to keep people in the houses.. not use the money from the bail out to buy more banks or businesses.. I have said this before .. what should happen now is give the banks a choise..If they want the bail out money then help..I have said this many times ; in these forms/resopnces , so I have to agree with c.castanza

By: c.castanza

c.castanza — Sat, 01 Nov 2008 01:20:58 +0000

Over a year ago ,in a discussion with a financial planner I indicated that the gov. should freeze the sub-prime housing market and roll back the interest rate to the period of time that the houses were bought and change the variable rate to a fixed in so doing you take the house off the market and from the bank, put the monthly payments to the banks who in exchange can now loan money to business but at an interest rate that the market can bear: in so doing the building market can get started up again and all the corresponding industries will then come into play once again, but it's a year later and we're trying to do what should have done a year ago, my feeling is to freeze the whole industry and put the plan into effect clean up the mess so that the people can get a sense of stability along with the nation as a whole. The banks have to put their weight and help even at a cost to them and the rest of the financial market will have to survive the best they can… they really are the cause of this blow-up the sub-prime market is the results. As far as the people who wanted a home and could not afford it… well let me put it this way…I IF YOU SAW A $100 BILL ON THE GROUND AND NO BODY WAS AROUND TO CLAM IT WOULD YOU LEAVE IT THERE AND WALK AWAY OR PICK IT UP AND PUT IT IN YOUR POCKET. ….WHO WAS LESS ETHICAL THAN THE BUYER…YOUR KNOW WHO … FROM THE SELLER RIGHT UP TO AND THROUGH THE WHOLE CROOKED GREEDY FINANCIAL INDUSTRY.

By: Credit Crisis Expert Says Proposed Plan to Bail Out Delinquent at Free Credit Report On Credit Speak

Fri, 31 Oct 2008 14:54:58 +0000

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By: Business Credit On Credit Speak » Blog Archive » Credit Crisis Expert Says Proposed Plan to Bail Out Delinquent

Fri, 31 Oct 2008 14:30:34 +0000

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Fri, 31 Oct 2008 13:46:58 +0000

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