Got a mortgage/credit card? Don't pay them.

Representative Kaptor (sp?) was on today and she make lots of sense. I wish she was my Rep. Our home values are down 20 percent. No danger of forcloseure here, but 20 percent!!!!!!!!!!!!

You cannot wrap a band-aid around a double compound fracture and expect it to heal.

all i no is dont pass the stimulus!!, the goverment should give everyone a check 3000 is wat 800 billion divided by 300 mill give or take a few hundred then people should pay off some debt money for banks and less debt for consumer and more buying power for the dollar no one is talking about the dollar being the next mexican peso with hyperinflation soda thets a dollar could cost 5 dollars the real answer is no help wat it out this is the markets backstopp get rid of the people that cant afford there homes or subprime loans and the job loss its the dumb politicians always owing a "favor" and the donkeys this stimulus is just a wishlist no real economic growth i live in mass the most liberal state in the country the only thing saving mass right now is its diverse and strong microeconomy but beleive me livin in a state where its debt is 10300 per person just means two things taxes going spending going up thanx donkeys ha ha donkeys

Awesome, your country sets up a program to help those who can't afford their mortagage payment and are possibly in need of more and you plot to ruin it. Great job. Believe it or not it's all of us combined meaning you as an individual that have to get us out of this. And the more we take advantage of things like this the longer and harder this recession will be-

What a way to further encourage consumerism.

If you can't afford it, don't fuckin' buy it. It's not that complicated.

Expect for healthy food and clean water and universal med care, that shitte just saves money in the end.

XVX for life, R.A.S.H. 'til death.

No comment.

If it keeps people from losing their homes, then it's a positive thing, but obviously the banks are going to be pretty tight on who gets the aid. The government has surely proven beyong all doubt that the banks are the ones running things, and there's not a lot you can do about it....

The current advice of realistic financial planners is if you are underwater on your house and/or have a lot of unsecured debt, and do not have signifigant assets such as stocks, bonds or other real propery, you would be a fool not to mail in the keys and walk away.

1% for forty years? Where did you see that deal. The deals they offer are almost as bad as the ones they had to begin with. It is not as simple as people may think. I have done some searching and all I can say is good luck getting the fat cats to give anybody any slack. Let them take the house instead of being a slave to the banks.

It's not as simple as that.

Being late on a payment is not the only thing that qualifies you for aid. You also have to prove you aren't able to pay.

The assistance the banks offer is a joke. The help is at a bare minimum. Unless you are on the balls of your ass, they aren't going to offer much and what they do offer is down right ridiculous. I seeked out assistance restructuring my mortgage with Citibank and they were not at all willing to provide much. First off the people you interface with at Citi are down right rude, insensitive and came across as if they don't give a shit! It took 2.5 months to hear back from them after providing them with every detail of my financial situation. Then what they finally came back and offered was a mortgage reduction of $400/mo for 3 months against a mortagage payment of $1850/mo. Then they want a baloon payment after 90 days of almost $5000!!! Then the letter states that should I accept this offer and fail to make a monthly payment that they will begin foreclosure proceedings immediately. Isn't that nice!!! The offer makes no sense and the ballon payment is way more than the discount of $400 for 3 months plus the mortgage of $1850 after the 90 days. It looks like they want people to fail because there is no help in this offer. I am currently unemployed, hopefully not for long. I have 2 lates but have been borrowed against a 401 to keep up with the payments but what Citi is offering is downright obnoxious. They just got bailed out for 4.8 bil and this is what they have to offer. Things in this country must change! The banks contiunue to screw the people at every opportunity and it will never change unless a revolution takes place. But there aren't enough people truly feeling the pain for that to happen...maybe another 25 years from now.

Finnaly, this originally went to congress over a year ago, instead they decided to start bailing everybody out. In essence, funding bad business practices. And like "alcoholics with the keys to the liquor cabinet" the banks started paying bonuses to thier CEOs (You destroyed the western economy, Good Job!). These people have no concept of what money is, it's just dividends to them, while those who are struggling to hold ontho thier homes, scraping up every single extra penny that they can have a true appreciation for the American dollar and how it's value just keeps dimensioning.

hehe another crazy hole in the system :D

Fiscal Responsibility
The 'economic system' was built on assumptions of 'fair trade is no robbery'. The perversion of international currency exchange was only one of the strains which made the situation unstable.
Activists have been promoting non-payment of taxes and loans for years. It took the government endorsing such things as policy to destroy the concept of currency completely : you're just seeing the start of a snowball effect of destruction of world trade.

You might as well stop paying all your credit card bills to. I mean c'mon; I did about seven or eight months ago simply because I had no choice; I didn't have the money to pay it. I never looked back either.

This is basically taking the power out of the hands of the banks, which is a good thing in my book. Making life affordable for people about to fall through the cracks is something we should always support.

Anyone remember when Russia made the change to Capitalism? A lot people did not make it and there were a lot of suicides. And the influx of Russian women scamming for rich men in the USA.

The riots in Moscow today asking for a return to Communism/Socialism and hating Putin was weird. Some were carrying the former symbol of communism, the sycle (sp)

Is this the slow-mo version of project mayhem?

The world is upside-down and backwards.

This is fantasic, the uprising of the real ruling class- the american consumer! If we act in concert people, change will happen!

great idea. let's see if we can completely ruin everything while we're at it. I'm trying to go back to a hunter / gatherer society myself. Mad Max thunderdome style!

I was at sams club to day , the guy behind me in line wants to give them a .30-06,
I am not making this up.

lenders who jack up their rates should have their banks and earnings taken. it's no different than them doing it.

Wow! That is crazy. The government should reward those responsible borrowers as well.

Aw some more good news for failing capitalism. Let the turmoil begin.

I want that 1%/40-year fixed mortgage term being offered to those in foreclosure or on the verge of it. I thought I was doing ok with a 5.2% 30-year fixed, never missed a payment track record but it seems I could have gotten a better deal by NOT being such a responsible homeowner and borrower.