5 Standards for Solving the Mortgage Madness

There are five standards for solving the mortgage madness include:

1) Loan applicants should not be rewarded for misbehavior
2) No help for vacation homes
3) Self-help should come before government assistance
4) Mortgage help should be for homeowners only
5) Voluntary action should come before government action

Category:

News & Politics

Tags:

• mortgage
• housing
• economy
• subprime
• congress
• chris
• dodd
• barney
• frank
• ernest
• istook
• heritage
• foundation
• entrepreneurship

[JCSSeadog]

Well said! Congress needs to look to these five standards in any legislation it creates to try and help with the defaulting mortgage mess. Reponsibility needs to be felt by persons and corporations who have contributed fault.

[justaproducer]

Yeah, I don't know if i can agree with that entirely, I will agree in this much... that without republican stalwartness, the public would be charged the full debt. As I mentioned earlier... the biggest roadblock in this recovery is how they attack it, if they do so like the S&L crisis - we will be broke for decade to come - the Marxists in the crowd will love it. But for the rest of us... it will suck.

[mbmart2005]

What about lying to offer a loan? Why Congress bail Wall Street and the Banking cartel and now this guy do not want that the government offer bail out to people?? Honest??? Responsible behavior form who????????????? The banks??? WOW this guy is on drugs. Banks that offer credit cards to people and student without ability to pay, banks that get the people over 65 in trouble offering them Equity loans, Banks that offer student loans without any responsibility.Banks that pay ZERO TAXES. WOW!!!!

[spectrum0590]

This standards can help people to determine how much only they can afford for a home and financial problems can be avoided inside the family.

[mannyfeseha]

thehelpfund.blogspot

[Kempkeith]

It's true government should only help the homeowner & not the lenders! But What does the fed do when the big players are in trouble? they open up the fed checkbook to bail them out overnight

[justaproducer]

Clinton sent us a real hail marry before he left office... in the form of NAFTA, not prosecuting the little Chinese professor with the burst transmitter, appointing Bader-Ginsburg, and yes...authorizing China with one of America's most valued possession of international esteem, most favored trade status. They don't deserve it.

[justaproducer]

Well, that still is not excuse, our markets are [and should not be open] not open to subverter's. The Chinese should even have the right to trade with us considering how they have leveraged themselves with out currency, and now you want to open up the rest of middle America to pan-pacific interventionism? I think not, the far left wants a communism or its closet companion here as fast as they can get it, philosophising about it isn't helping.

[alfonzcicero]

I don't get how somebody who lied about their income or falsified a loan application isn't being prosecuted. Is it happeing and the media are not reporting on it or are people getting away with fraud?

[justaproducer]

Scooter,

Do you know why the Chineese are doing that? Think long and hard before you advocate the positions you are taking.

[SCOOTERBALLUSA]

Anti American in ethics making americans suffer for global interventions and not the truth about the greed in the American Banking System.

The American banker should be in it for the Long Haul. Not just a 30,40 year loan. Chinese banks offering 90-100 year loans to americans resulting in low payments by two thirds and making it easy for americans to own $300, $400 k homes just for $1000 a month payments, merits to regain our economy no matter what!

[sokiberon]

ELOGIO DO DR. PAULO Assunto=início em Brasília Mensagem=Mal ou bem me sinto seu parceiro, meu querido Felinto pois naquela sala de massagens de Brasília assisti o início desta preciosidade que voce descobriu. Lembro até que te autorizei a usar meu nome para propagandear o método. Sou aquele médico e hoje moro em Peruíbe, SP. Um grande abraço Paulo Nardelli. -OBS.. São esses elogios que fortalecem , cada vêz mais a veracidade dessa grande descoberta do Acumputurista Felinto França ---JÉSSICA