“In any negotiation you never bid against yourself which is what the pres. is doing. the meetings with the republicans must STOP!the pres. has put his proposals out there and if the republicans
don.t counteroffer with reasonable sensible offer that doesnt put one part of our society absorbing all the grief,then he should let them know that he will invoke the 14th amendment,article four and go forward with or without them, they are not negotiating, they are setting him up for a blame game thereby destroying his presidency.”
ChrisDWard on Jul 6, 2011 at 15:57:50
“He needs to stop posturing, and pick a fight!!!!”
Obrand on Jul 6, 2011 at 15:52:10
“They can't hang themselves without enough rope.
“Elizabeth Warren should push aside TIM geithner and take over his job!. Then I'll be happy .
THE PROBLEMS WITH THE ECONOMY ARE AND MUST BE SET ON TINY G. AND STAFF,s FEET!
WHEN WILL PRESIDENT OBAMA wake up ? Do it now Mr.president. Screw the banks and wall street. It's more than obvious they are dragging their feet.with geithner's throwing blocks for them. If tiny tim succeeds in blocking Elizabeth from heading up the new consumer protection agency, If you leave him there, banks will never lend the way the tarp funds mandated, simply because if the banks don't want to help create good paying jobs, tiny tim will accomodate them with stall tactics.When tim starts to become incoherent speaking (greenspan)its because he wants to keep us confused and ignorant about his real intentions.E. Warren is just the opposite and just what the country can use and desperately needs before tiny tim can do more harm. Or it may be too late.Open the windows and let fresh air in.”
FREEDOM BELL on Jul 16, 2010 at 03:11:55
“Push Obama aside and take over his job ! Warren in 2012 !!”
“Foreclosure laws must be changed to include ALL equity. homeowners and lenders. banks will think twice before proceeding. home owners must have their equity protected by law. if a lender proceeds and win, the owner gets whatever is left. these funds can be pumped right back into the economy right away. It wont be lost forever. where does this equity go? It remains with the property
until its repackaged or resold to investors. Change the foreclosure rules right now .”
bwalsh1 on Apr 30, 2010 at 10:04:25
“If you have equity in your home, why would you foreclose? It seems like you would be able to sell it. Those who are underwater can not afford to sell, because it is worth less than they owe and they would have to pay the difference between the selling price and the amount owed in order to close out the loan and sell.
I realize that having equity in your home does not always mean that you will be able to sell without paying out of pocket. We had equity in our first home, but it still sold below that amount. I ended up paying $2,000 to sell it. We were moving for a job opportunity, and had no choice. I did not whine and wonder where my govt assistance was.
Housing can be an investment, and sometimes investments lose money. I knew five years ago when I bought the house that the market was experiencing a bubble that would burst, and I bought a modest home. If I had purchased a home for the amount I was preapproved for, I probably wouldn't have been able to sell it when I needed to. Common sense was not put to use with a lot of these home purchases.”
“Mr. president, What are you waiting for? Do you need the sky to fall on you?(or more directly on us?)
The only other explanation why you don't replace geithner, summers, bernanke ,emanuel right now is perhaps you are more like them then who you represent to the american people to be. Correct untruths and misteps because they are you and you are them in the final analysis. your presidency will be shortlived if you allow their advice to keep you on this downward spiral. return to your campaign promises for starters. find your way back to main street A.S.A.P. LISTEN TO ELIZABETH WARREN,
Paul volker, elliot spitzer, Krugman,Reich, Arriana, and fire those people I mentioned earlier.”
“RETURN OF CAPITAL. Lenders should have all funds frozen to them and account for all received funds.Funds should be in a dedicated foreclosure and underwater program.Lender and borrower must have a face to face meeting to find ways to reach an agreement good for both. this will mean lowering both principle and interest. Once they agree, they apply to this special fund. if approved, a two party check is bought to the closing. the amount will be the reduction of the principle due to the lender.
he loses interest on the original amount due. the borrower loses equity on the property at the lesser amount owed.they both take a hit. the onus to fix as many loans as possible, is on the lender. the more Capital they get from this special fund. the pre-condition being that they must put it out on the street as loans. the faster CAPITAL IS RETURNED TO THE SYSTEM. they are not handed funds to store in their vaults We tried the lender route,Lets include borrowers this time.”
“return of capital. LENDERS should be frozen of all bailout funds, and made accountable for all funds received thus far.Funds should be made available to a special fund strictly to address foreclosures near foreclosures, and underwater mortgages.Lender and borrower must have a face to face meeting
to arrange a mutual agreement as to principle and interest Lower the principle(capital) lower the rate(interest) to keep theowner in their home. They both apply for funds to this special fund. after approval,
they close.At this closing, a two party check is signed by both parties. the lender gets these proceeds.
the lender gets capital in cash and loses the interest on the amount The borrower loses equity in his property.Everyone takes a hit for their mutual contribution to the market.the harder and faster a lender acts the more capital he recoups for his operations.Let the lenders earn instead of having billions thrown at them.we tried the lenders, now lets include the borrower.”
“money has become the sole determining driving force behind the media. ( for want of a better word) one of the big problems is the 24/7 cycle. I wouldn's call it a news cycle because that is what it's not. It's a space and time filler with overkill of every event that exist. Not necessarily worthy
of any kind of earned coverage. again, to fill this time and space WARP.Ratings and competition
are the holy grails of TV time; They're all guilty of this inane, banal activity. Except for the Jim Lehrer
show on PBS. Informative, clear, factual reporting is normal on this NEWSHOUR. On for one hour each nite and trustworthy with the facts. Not representing any political faction or espousing the rants and raves of any profit driven owner. The other factor is the deregulation and repeal of the rules of ownership of multi media sectors. Monopolistic corporations killed any competition in those sectors. Watering down everything except THEIR agendas. Too Bad.”
“it's unfortunate that this man is still around. if you watch McLAUGHLIN on sundays on CBS, pat is on there quite often. it seems he is kept on to amuse Mclauhglin who pokes fun at him. his comments on that show are always archaic and sometimes pure bull. Time has passed him by and left him irrelevant and sometimes stupid . he continues to push the old tired and untruthful canards. He always looks like he has a bad case of constipation. but he's fun to watch. I wonder how many viewers take him seriously?”
“first of all, it was the lenders bundling investment packages of mortgages to sell to the market. it was leveraging that overpriced these bundles.the key was to make more bundles at any cost.hence, the
total relaxation of underwriting standards by the lenders to approve as many loans as possible quickly.this all happened on gw bush's watch. it came to a head on Obama's watch. The previous pres.
paid no attention to the problem as subprimes started to belly up until it was too late.the tarp program was started by bush and paulsen. They were set up as ARMS with a rate adjustment in a few years.
the increase in the new rates were predatory and unjust. this coupled with the unemployment rising was a double whammy to everyone. How was it that HELOC's got approved if there wasn't equity in the property? The same people that created this crisis now want to take these properties' so much selling that these properties cant record who the real banks are owners.”
“the real problem lies in the fact that the funds for foreclosure mortgage modification went to the WRONG people namely the lenders! the cash for clunkers program did create jobs for car dealers, insurance companies, junkyards,car manufacturers, parts distributors, tow truckdrivers.advertisers,because the funds benefited the RIGHT PEOPLE.Midlde class consumers who went out and bought cars right away! This program should continue until the demand stops on its own. The mortgage funds should be withheld from banks. they are not putting the funds in the street.Make the banks EARN the money by modifying everyone of their underwater loans to 40% of debt ratio.Its amazing how stringent rules are for the consumer as opposed to the rules changes that the lenders enjoy,If a difference exists in the modification,the bank gets the difference at the closing, the owner gets a lower payment,”
“this whole Georgia and Russian story and Mcain's response to it is a direct result of bush's incompetent foreign policy or lack thereof. You set up missiles in Poland close to russia. You pump up
the president of georgia to invade an independent province then you turn your back on Georgia knowing full well that we are tied up in Iraq and afganistan with a stretched out military incapable right now of deploying to Georgia or anywhere else. why doesn't Mcain get it? Because of his inability to gather the facts and see the whole picture or he probably is taking instructions from the white house idiots who are interested in oil pipelines.”
mosh on Aug 18, 2008 at 10:11:02
“Our incompetent foreign policy is really the result of an incompetent, corrupt energy policy which is dictated by big oil.
Otherwise, why do any of this - arm Georgia and goad them into provoking Russia??
The US is there to ensure that the oil pipelines running in that region are not controlled by Russia. That's why the US is there.
How many more of our troops have to die for oil? How many more civilians will be killed so we can get our hands on the oil?”