That said, all of these so called bailouts are in my opinion totally worthless. I believe that most of these folks not only bought over their heads but refinanced one or more times tapping equity to perpetuated the problem. There is no fix for them because there is no loan unless the government mandates 150% Loan to Value loans. Here is how I wrote about it.

Bush may be able to do something on his own, to be sure, but I seriously doubt congress will be willing to help. What a fiasco and to an extent, though there is plenty of blame to go around, the Republicans deserve it.

I know that Kyle of AZ was the only one who voted against bail-out – however – it’s never too late to express our chagrin that the $$$$ of responsible citizens (that would be me and thee) are being used to bail out irresponsible people and big corporate banks.

you would be dangerous if you had any power. How exactly would this cap work and how would you set it? Do you know what happens whenever there is a cap on anything? It creates a situation where supply doesn’t meet demand.

We have a cap here in Illinois on mortgage interest rates, and here is what happens when it is applied

When the government steps in and determines caps on a private transaction, we are one step closer to socialism.

The real problem is too many folks like you with no understanding of what happens or is happening proposing things they shouldn’t propose. Yours is harmless since it is thrown out on a message board where it can be analyzed. Others have a great deal of harm.

Holy cow. I’m securily in the middle class and wouldn’t dream of trying to buy a home for that much. Maybe, just maybe (heavy sarcasm here) that’s the real problem. People buying more house than they can afford. On second thought, is that really sarcasm or just being observant and smart?

I’m not calling for a taxpayer funded bailout, but there are other ways to help ease the crisis. I appreciate what President Bush has done to get major lenders together and voluntarily work out ways to help keep families in their homes and avoid foreclosure. Every home that is foreclosed on goes back on the market and puts downward pressure on the value of your home and my home. Lenders are beginning to realize that deferring higher interest rates on stressed homeowners may be better for their stockholders than foreclosing and selling homes at a loss.

Just as there is a big difference between privately run health insurance and government run Hillarycare, there is also a big difference between voluntary measures and a government bailout. We need to distinguish between the two and not throw the baby out with the bath water.

there’s a reason Citi is willing to take more losses to back Bush’s plan – it’s not about the homeowners, it’s about the market.

the market right now is in flux specifically because of housing woes. this is a means to ease investors moreso than homeowners. the fact that banks will most likely force borrowers to be perfect citizens (Bush has also stated that a rate freeze would only be for borrowers in good standing) in order to benefit from the freeze in interest rates should be reassuring to us. but massive sell offs are hurting the entire market – not just the housing market – because of these subprime loans.

but somehow, the ripple effect’s got to stop.

Can we utilize General David Petraeus for straightening out this matter as well?

Can we just elect Gen. Petraeus as a write in candidate? Here is a man too smart, sane, and virtuous to seek the office of President, and that is exactly why he should BE President!

That is fine he is a politician and relies on the voters. The Fed is selected not elected exactly so that the Fed DOES NOT respond to public sentiment, and yet that is exactly what the Fed did when they rolled out their own plan.

Frankly, I have analyzed each of the plans, Hillary’s, Obama’s, H.R. 3915, Bush’s plan, and the plan from the Fed, and the fed may have the worst plan and certainly no better than anyone else.

It is one thing for politicians to propose ridiculous legislation on mortgages. They don’t know any better.

One would think the Fed would know better and you would all be wrong.

Here is my analysis of the Fed’s plan.