Why are banks reluctant to modify loans to President Obama" State of the Union Jan 27th, 2010"?

Why are banks reluctant to modify loans ?

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• MOV000025

[0334231]

blaqvelvet1,The purpose of the bail out : AIG was losing so much money so fast while the Home Owners were walking away from their homes. AIG could no longer insure the insurer of defaulted notes.How can you call a note, if no one is living their or has walked away ? If the banks were not bailed out, they would be a little more willing to help struggling H.O. The banks made a commitment to assist HO, but after they got their pile of cash from tax payers, they reneged on the deal to help H.O.

[blaqvelvet1]

AIG held more retirement and 401K accounts than actually home loans. If no one is living there you dont have to you simpoly finish the foreclosure place the house back on the market. Remember the bank is really only looking for the interest on the property because that is its profit. No they would not be more willing to do anything when they simply can take the house back. Why is the bank having to bail you out when alot of these people arent willing to help themselves out?

[0334231]

You are missing the point. The banks were bailed out, again, the banks were bailed out. If we are going to take the 401 K approach, then let AIG fail, just like you are claiming about H.O. Direct the same energy to AIG, help yourself and don't take government welfare. The bailout money wasn't for people who had already lost their homes, if was to prevent the remaining pontential HO from walking away...But to your point-let them all fail and let the market heal it self..based upon you notion...

[takethishaterz]

well everyone this is a simple one because polticians are crimnimals and almost everything you know is a conspiracy to take your money in some way.

[jono1028]

Just like a DEMOCRAP, can't read it as it is written, but only as you think it was meant. I copied and pasted from 6 comments above "There are FAR MORE moral people on the right than there will EVER be on the left.". You are proving my point with every reply. THANKS

I'm done with you have a nice 3 years under this HOPE & CHANGE thing you created. Atleast most I know that did vote for Obama now REGRET it. They said they were fooled by a "SWEET TALKER".

GOD BLESS YOU

OVER AND OUT

[MrStiphenson]

This is why banks and coporations should not have recieved the bail outs they recieved. They were given money from the public when they needed help but now when the public needs help, they will have nothing to do with it.

[munsterr777]

The banks should pay for their crap. NOT US!!!!!

[SharifMalikEl]

@takethishaterz Amen: Also the way banks do their accounting, they make way more money lending. The profits are off the charts. they don't want to be mixed up in honest work like managing properties, and having to be responsible or accountable for anything. it's not their mandate.

[blueyed0evil]

@MrBigraw You know not of my families lineage! Irish folk had it pretty damn rough here as well and a lot of us still do! Where we may not have been slaves in America nor sold into it by our own people, we have had to fight for every last bit of what we get here. and if you live in america and do not know of the noble Black men who helped found this country then you are robbing your own self of the treasures here that are yours as well. I feel sad for you, you nothing of my God! nor your own

[niranjan1479]

Hey,

m getting the error....

[rhy0lite911]

not really, yu should be mad at the stupid mid east.

I think usa shouldn't have helped the mid easterners when the russians where taking them over.

After all, 9/11 was the caused the war, and the war caused the debt, and the debt caused the high taxes, and the high taxes are caused because we decide to buy shit load of crap from china which we think we can sell...but cant.

Also, the entrepreneurs who dont want to pay normal wages to american citizens decided to move to china for cheap labor.

[blaqvelvet1]

Hmmm voting Present? Hmmmm Mccain didnt bother to show up AT ALL. Nice try ROTFL. The Commander comment didnt make sense considering the president is always just a call away to make the call. And sounds kinda personal. Tim Kaine happens to be head of the Party dear. Dude please try to make this a challenge for me.

[jono1028]

I suppose voting "PRESENT" is a much better voting record. If you are not MAN enough to vote "YES" or "NO" for something then you are not qualified to be "COMMANDER IN CHIEF" were quick decisions may be needed. This FACT is showing it's ugly head in his policies now, that is why so many people who voted for him are "JUMPING SHIP". He can't even lead his own party "WHICH HAS CONTROL OF CONGRESS" to pass his agenda. Sounds like DEMs and REPUBs are questioning his policies.