Poll: Americans Oppose Sub-Prime Mortgage Bailout

[jacobm8tysek]

Well if people borriwed more then they could afford then that is there own fault in agreement to everyone else.. but the government purpose is to serve the people... and in any event that is what they should do in ermergencies whele her financial or other... Banks should be responsible bowwowers and be held more liable as people dont always understand their obligations - only think of the house not the repayments... if people lost their jobs and couldnt pay one can understand

[tickyul]

Ameritards cannot even take responsibility for their own financial mistakes, Big Brother will come in and save them. You buy a house that puts a big strain on your monthly budget, then, you go out and buy a bunch of junk with a credit card, then, you get a heloc so you can go out and buy more junk. Why has this society lost all discipline, because they can rely on Big Brother to bail them out.

[rw5791]

well,the government was not just creating incentive for banks to make risky loans.They were threatening legal action if the banks did not make the loans.

[mannyfeseha]

thehelpfund.blogspot

[0TZ12]

funny video lets chat

this video was good 7Y

[72defender]

funny video lets chat

this video was good Bp

[jmkpns]

We don't have "dollar movies" anymore, thanks to the Community Reinvestment Act and "diversity" we have "dollar homes". When our government moves psychotic welfare recipients out of the cities into the suburbs into 200,000 plus homes, they're not gonna make more than 1 or 2 payments on those homes and yet, they'll live there for years and now it's time for the "bitter clingers" in this country to pick up the tab. I'm from the government and I'm here to help, well special interest groups. lol

[live777evil666]

Lol this is so bias. Freedom works... their web page has "LESS GOVERNMENT" in its title.

[noonesaz]

The US government and the taxpayers of America are not liable for the mortgage mess. The lenders are liable. And I say attach all their assets and liquidate to help pay off some of the debt. Barack Obama pulled in 9 million from a fund raiser, I say take 7 million and use it to pay off some of this debt and have another fund raiser. There is another solution, the banks can forgive the whole loan mess and turn the titles over to the buyers. Eat the loss and go to jail.

[bcmalloy]

100% agree those involved need to be made a harsh example of as their actions have defrauded citizens of their homes while destabilizing the economy. It's time the victims were given at LEAST the option of loan on more reasonable terms to keep their hard earned property the banks have proven they deserve no protection from any of us in this matter

[TriumphantlyGrim]

(5) In case anyone is interested in pursuing these things further, I suggest the book "How to Lie With Statistics" by Darrell Huff. It's an older book, to be sure, but it is immensely readable and engaging, and perhaps even MORE relevant today than when it was written (and no, I'm NOT Darrell Huff--I'm just recommending this as perhaps the most accessible primer on this sort of thing that I've encountered :-). Wishing you ALL THE BEST, -T.G.

[TriumphantlyGrim]

(MUCH of a survey response depends on these two variables--for example, asking a question about our policy in Vietnam in the late '60s elicited a TOTALLY different response depending on whether or not the word "Communism" was included in the question) (4) (And this is a bit more technical) What was the sample size and the margin of error? (These things should be a matter of PUBLIC RECORD with ANY poll.)

[TriumphantlyGrim]

OK--a few things here (Please forgive me, for I'll have to post in "chunks" due to the character limit here): (1) Exactly what newscast does this come from? (The source is NEVER mentioned apart from the narrator's name at the end.) (2) How was the poll conducted? (If it was a Web-based poll posted on a particular site, these are NOTORIOUSLY BIASED, as there is a "self-selection effect" regarding those who answer the question. (3) How was the question phrased, and what were the answer options?

[RessurrectionGraves]

It is in the best interest of the lender to reduce the mortgage instead of foreclosing and not getting any money anyway. If they help the homeowner they insure themselves getting paid.

[RessurrectionGraves]

I am in support of the bailout. Because there are situations where people want to stay in their homes but they were approved for an unfavorable loan. Interest Only etc... It may have been hard to make certain payments as many Americans suffer job loss, deaths in the family, and other tragedies that you don't expect and many don't have the savings to prepare for. It was mistakes made on the lenders end.

[jmpomerleau]

In 1986 we were looking for our first (and so far only) home. We were told by the mortgage qualifying process that we qualified for up to a $250,000 home. Remember, this was 1986!! Well we had enough common sense to know that we couldn't manage that in real life and told our realtor that we wanted a home UNDER $100,000. The realtor WAS NOT happy with us. But we stood firm, told him we were his boss, and found our home. These people should have been able to figure it out themselves too. GEEZE!

[FreeNMiami]

2) When someone makes a bad decision, or chooses wrongly, they lose out; you pay the consequences for that decision. Thus, this processes creates the possibility for competence, people are paid back, one why or the other. This government should not be in the business of bailing out institutions or individuals for their lack of foresight!! What ever happen to free markets in this Great Nation?!

PLEASE, STOP THE RACKET NOW!

[FreeNMiami]

Stop the bailout; this is "Liberal Fascism"!!!!!

1) I've been responsible, saving my hard earned dollars in order to by a house, maybe in the next couple of months after 05/2008. Yet, greedy banks and irresponsible individuals get a free pass by the government with a bailout. It's incomprehensible that our Taxed dollars will be used to acknowledge and pay off institutions and individuals by lack of decision making in their part. This is not the America I know!

[amyven]

I oppose the bailout, because maybe finally greedy banks will learn to not loan money to people who obviously couldn't afford the mortgage in the first place! And maybe people will learn to SAVE their money instead of taking on too much debt! A bailout will only put a band-aid on the problem, because nobody will learn their lesson and people will continue to do the above. Obviously the economy is suffering now, along with many people, but that's how we learn from our mistakes.

[qlty4s2u]

Our economy is in the perfect storm.With the sub prime debacle,high oil prices,and the falling

dollar along with the ever continuing war in Iraq

draining our resources.For the first time in my

life worry about future of this great country.

[AirelonTrading]

Here's the thing. I don't like the bailout. No one helped me when I

But they overleveraged with CDO's during the boom. And the people that need the bailout? The people that were overleveraged?  Have your 401k's, have your savings accounts. Have ALL THE MONEY for the economy.

It's no longer a credit crisis. It's a solvency crisis.

Do I like the bailout? No. Do I understand the bailout? Yes.

[AirelonTrading]

Personally, I think once the crisis is over, Greenspan, Clinton, and every board director of the investment banks should be be brought up on charges, and sent to prison.

At the very least.

[AirelonTrading]

So the bailouts you're hearing about now, are for the Investment banks that were leveraged up to their eyeballs. In addition, their 'writedowns' aren't losses. They're almost worse. With mark-to-market accounting on the instruments that the mortgage holders have, we're sort of kicking the can down the street as Dave Waring says, rather than knowing what the actual loss is. They still hold those instruments, as they continue to lose value, but no one wants to buy them.

[AirelonTrading]

And the problem is that EVERYONES house values continue to plummet, but their taxes do not go down.

[mongobobo]

yeah, but values will go up. it just means you can't flip anymore. big deal. a house is a home.

[NOCLUELOU]

Lou your heart is in the right place but you head is up your ASS!

[nesnman]

You can't fix stupid or bail people out who do stupid things.

[mongobobo]

Yeah, I went to Las Vegas last week and only planned on losing $4000.  Instead I lost $20,00.

BAILOUT PLEASE!!!????!!!

[vote4lou2008]

What about the responsible homeowner that is now paying on a home that is worth less. We need a better solution. View my Housing Crisis video at vote4lou2008. My solution hold them accountable without hurting the responsible home owner.

[mongobobo]

it's worth less. not worthless. pay your mortgage and hang on.

[slobomotion]

I tend to agree with this. Thanks for posting.

[notu286]

If the GOV would just inforce the LAW it would be nice...

If you have a problem regarding your mortgage, the only right you have is to SUE them. You can't call a cop or ask the GOV for help because there is NONE!

I Know. I am living the Subprime Nightmare called AMERIQUEST MORTGAGE.

NOT THE AMERICAN DREAM!

[sara5893]

Hi, I was in this about 10yrs ago. The only loan we could get at short notice was at a 13% rate, yikes that was high. BUT, we made the payments grew out history and 6mths later refied at 8.4%, again a bit high, continued to pay the payments grow our history, NOW we are refied at 4.5%. We were considered a risk b/c of a short sell 2yrs pryor of buying our current house. Can you get a refie at a fixed rate? Good luck on this.

[tyronebiggums3]

Let the bubble pop, beeyatches!

[jimisback]

Right on the money.