ChrisWJul 13th, 2008 - 08:46:03

So much for the hidden hand of the market? Pity.

300 billion is a feather bed.

Taxpayers funding inappropriate decisions by investors is (in the final analysis) corrupt.

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jeanette barnettJul 17th, 2008 - 20:43:44

Any statistics on how many homeowners in distress are speculators and how many are unsophisticated borrowers/refinancers who were duped into a mortgage that seemed at first a godsend, and later a nightmare. My daughter was working at four part time jobs trying to help support her 3 very young children and keep up the mortgage payments on her home. She worked at four jobs in order to keep good credit and also because she couldn't affort child care. She trusted the lender enough not to read the fine print; not knowing her credit was good enough to have secured better terms elsewhere. She was 'awarded' the home in her divorce settlement (along with a mortgage, which she tried to refinance). All she wanted was to be able to have more time at home with her young ones, instead of dragging them with her to job after job. Now, all she wants is to save the home in which she's lived for ten years. If the type of loan she received is now illegal in her state, why can't it be refinanced into terms she can afford? None of the 'help' numbers she has called have helped with a plan to save the home. Why don't the greedy lenders help with refinancing. She doesn't want to foreclose; and she keeps trying and trying and trying to find a way. Her Dad and I (both retired on fixed income) keep dipping into retirement, and anything else we have to keep her head above water, hoping and hoping there will be an answer. She has always been an honest, responsible, and hardworking person. This is killling us all!

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Brian in MinneapolisJul 18th, 2008 - 19:05:56

Do the math. $300 BILLION divided by 400,000 troubled households is $750,000 per troubled household. How do I sign up to be a 'troubled household'?

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Jason R.Jul 18th, 2008 - 19:21:39

Will the Federal Reserve print this extra 300 billion or will they get it from somewhere else? Can someone please clarify this!

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